WS #9989
The dominant narrative remains the US-Iran peace deal framework, which is driving oil below $80 and is expected to be formally signed on June 19 in Switzerland. The Strait of Hormuz reopening is confirmed, with traffic expected to return to normal by end of June or July. This is de-escalating the oil supply crisis. Wall Street banks are cutting oil price predictions as Persian Gulf flows are seen recovering quickly. A new development: DeepSeek closed a $7B+ funding round at a $50B+ valuation, which is a significant AI signal. The Fed rate decision is upcoming, but no new data. Insider trading filings show notable activity: MSFT CAO reported special transactions, ADBE officer filed to sell 42,700 shares (~$9.6M), FANG director filed to sell 116,667 shares (~$21.9M), LULU insider bought 4,275 shares, and UBER officer filed to sell 15,000 shares. The narrative arc is STABLE for the US-Iran deal, with no escalation.
Key developments
- US and Iran to sign MOU on June 19; financial details emerge; Wall Street banks cut oil price forecasts
- DeepSeek closes $7B+ funding round at $50B+ valuation
- MSFT Chief Accounting Officer reports special transactions
- ADBE officer files to sell 42,700 shares (~$9.6M)
- FANG director files to sell 116,667 shares (~$21.9M)
- LULU insider buys 4,275 shares
- UBER officer files to sell 15,000 shares