This week's markets were shaped by a tug-of-war between Middle East tensions and Trump-led de-escalation, leaving US equities broadly flat but the ASX finishing the week stronger. Domestically, the picture was mixed - bank stocks came under further pressure from property tax concerns and weak housing data, while selective buying emerged in consumer discretionary and healthcare names. With the SpaceX IPO dominating global headlines and the RBA's next move looming, it was a week where the headlines moved faster than the index.

In this week's video, Will and Sophia cover:

• continuing Middle East tensions
• the over and underperforming sectors on the ASX last week
• private equity's acquisition of Steadfast and what it signals for AI disruption fears
• SpaceX's record-breaking IPO
• the outlook for next week’s pivotal RBA meeting.