On this Friday episode Ryan and Michael recap market action: S&P and Nasdaq highs, key technical levels, bitcoin and commodity moves, and the sector drivers behind the recent rally. They discuss diplomatic developments — Israel-Lebanon ceasefire reports and US‑Iran backchannel talks — and how easing tensions are shaping risk appetite ahead of the weekend. The show also covers the UK political controversy around Peter Mandelson and Keir Starmer, potential impacts on sterling and gilts, and the light economic calendar into the weekend.