Highlights from today’s pre-mkt summary for Subscribers: Stocks wavered in pre-market trading as Iran continued attacks in the Persian Gulf ahead of President Trump’s 8pm ET deadline for a ceasefire. Trump reiterated threats to destroy Iranian infrastructure if no deal is reached, which now must include ensuring Strait of Hormuz access. Trump dismissed UN war crime concerns. Brent crude slipped while gold and silver rose, although BTC fell. 10-year Treasury yields slipped. AVGO gained +3.4% after securing AI chip deals with Google and Anthropic. We expect equities to hit new highs once the conflict ends, oil retreats, and the Fed starts cutting int rates as US job growth slows. We see rising 2026 S&P 500 earnings estimates of $323 (+17% YoY) driven by AI and energy. We remain cautious on TSLA due to declining long-term earnings estimates, increased competition in unsupervised autonomy from rivals like Google and Amazon, and a stretched 190x 2026 P/E. We believe the looming SpaceX IPO will lead many $Tesla(TSLA.US) investors to reduce TSLA shares to pay for new SpaceX shares.