WS #10871
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran ceasefire and its market implications, with no new data points or counter-signals to report.
Topics
Key developments
- US-Iran 60-day ceasefire MOU confirmed; Strait of Hormuz traffic accelerating, Persian Gulf exports recovering to ~75% of prewar levels
- Salesforce ($CRM) trading at 10.8x forward earnings with 205% AI ARR growth and 10% share repurchase, signaling deep undervaluation
- Bitcoin ETF outflows hit monthly record of $4 billion; BTC below $60K, short-term holder stress at 2-year highs
- Venezuela earthquake death toll rises above 1,400; 4.8 magnitude aftershock hits