Woofun AI reports that geopolitical tensions between the US and Iran have escalated, collapsing a ceasefire and reigniting inflation concerns due to rising oil prices. Despite this, US equities surged, with the S&P 500 nearing historic highs and SK Hynix recording a $26.5 billion IPO.

Key macro events include US CPI and PPI releases, along with Fed Chair Powell's testimony before House and Senate committees. Additional indicators include ADP employment, retail sales, and speeches by Fed officials Waller, Williams, Kaplan, and Clarida.