Iran Just Called Trump's Bluff (Again) President Trump declared on Friday the Strait of Hormuz is “completely open and ready for business,” claiming Iran has “agreed to everything” and calling it a “great and brilliant day.” Of course, he did. He added that the US blockade on Iranian ports will remain in full force until a full deal is complete, with talks continuing over the weekend. Of course, he did. Oil prices crashed 9–11% in a day with WTI near $84 and Brent near $90, as supply disruption fears eased. Risk assets LOVED it, stocks rallied hard and pushed to new all-time highs. Trump was there to save the day again. I mean…solve the problem he created in the first place. But that’s not what Iran is saying. Iran’s military announced on Saturday its closing the Strait once more in response to the ongoing US blockade. The world is awaiting Trump’s full response, but so far he's saying he's got "good news." Meanwhile, institutions have been piling into bullish bets and loading up on call options at the fastest pace ever recorded. Wall St. is quietly signaling this fragile ceasefire is the start of a golden bull run. Let’s hope this is all political theater and come Monday, the bull market will continue. 
Claude Just Made Design Software Look Obsolete  Anthropic launched its new AI powered tool Claude Design on Friday that turns prompts into visuals. It lets anyone create websites, slide decks, one-pagers and marketing materials, and is powered by Claude’s brand-new Opus 4.7 model. And of course, it tanked SaaS stocks again… Figma: dropped 6-10% as investors are clearly worried that non-designers can now skip traditional tools for quick first drafts. Adobe: dropped 1–4%. Its Creative Cloud tools face similar pressure from AI making design faster and more accessible. Minor dips hit website related names too, like Wix (-0.67%). The rate of change is absolutely WILD, as AI is eating into high-margin SaaS workflows at lightning speed. But the death of SaaS could be greatly exaggerated. Both Adobe and Figma are far from finished because they’re already integrating powerful AI features of their own and still dominate complex professional workflows. Selective buying in these beaten-down, high-quality names after the panic has often been the right move in past tech cycles.
The Chip That Beats Nvidia Is Finally Going Public  AI chip giant Cerebras has filed for its stock market debut after scrapping its IPO plans last year. It will trade on the Nasdaq under the ticker CBRS, at a $23–35 billion valuation. This isn’t just another chipmaker, because their Wafer Scale Engine 3 is a monster that crushes Nvidia GPUs on speed and cost for massive AI models. Revenue exploded 76% to $510 million in 2025, making it profitable and they just locked in a $20+ billion deal with OpenAI for computing power through 2028. While Nvidia still dominates, Cerebras is quietly building a competitive advantage in powering the biggest and most intensive AI models. |
