In today’s pre-mkt summary for Subscribers: Stocks opened lower as the Middle East conflict entered its seventh day, with Iran launching missile/drone barrages across the Persian Gulf and Israel striking back. Brent crude rose again and is now +25% in a week, reaching its highest level since Apr 2024, and sending 10-year treasury yields higher in front of today’s Feb non-farm payrolls report. Gold and silver stabilized while #btc fell modestly. Pre-mkt standouts include $Marvell Tech(MRVL.US) +11% on strong 1Q and FY’26 rev guidance, while $GAP(GAP.US) -6% after missing 4Q estimates; We remain positive on equities longer-term, expecting new highs once the Middle East conflict resolves, oil retreats, with likely softening jobs data accelerating Fed rate cuts. Stocks remain fairly priced with 2026 S&P 500 EPS forecasts at $310 implying a reasonable 22.2x P/E and 4.5% earnings yield ~ 35bp above 10yrTY in line with historical non-recessionary periods. We remain cautious on $Tesla(TSLA.US) given ongoing declines in 2026-2030 EPS ests and accelerating competition in unsupervised autonomy.