WS #10708

The dominant signal in this window is Apple's (AAPL) massive selloff, closing down 6.1% in its biggest drop since April 2025, driven by the RAM crisis and price hikes across Macs, iPads, and Vision Pro. This is corroborated by The Verge, Bloomberg, and multiple Bluesky posts, with one noting AAPL was the worst performer in the S&P 500. The chip shortage narrative is confirmed by Micron's blowout earnings (sales quadrupled to $41.46B, guidance well above estimates) and a post highlighting that the same supply constraint lifts Micron but raises Apple's costs. Separately, the Strait of Hormuz geopolitical risk remains elevated: oilprice.com shows WTI up 3.06% and Brent up 2.82%, Polymarket trades reference Strait of Hormuz traffic, and a Fox report indicates Iran is planning to charge for ship transits. The Fed's Goolsbee and Williams both commented on inflation remaining too high, with Williams saying the Fed is 'well positioned' to restore 2% inflation. The Supreme Court ruled to allow Trump to end TPS for Haitians and Syrians, and also ruled that migrants at the border are not entitled to asylum until on US soil. Polymarket suffered a hack with ~$3M stolen, adding to its recent controversies. The narrative is ESCALATING on Apple-specific risk (RAM crisis) and STABLE on geopolitical risk (Strait of Hormuz) and inflation concerns.