BREAKING: Iran has fired a missile at a commercial vessel in the Strait of Hormuz, hitting and damaging the vessel, defying the US ultimatum, US officials say.
Details include:
1. The attack comes just hours after President Trump demanded that Iran publicly guarantee safe passage through Hormuz
2. "The Strait of Hormuz will be closed until further notice and until the end of the American interventions in this area," the IRGC said
3. The vessel struck by the IRGC was transiting the southern route that Oman had proposed reopening without restrictions
In a sudden turn of events, the Strait of Hormuz is now closed again.
BREAKING: President Trump says the deal with Iran is “now complete.”
“I hereby fully authorize the toll free opening of the Strait of Hormuz… let the oil flow,” Trump says.
Breaking: Trump owned Palantir when he tweeted about it
On April 10th he literally tweeted the $PLTR ticker
"Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment."
Starting March 2nd, Trump bought $PLTR
• Then again on March 11th
• Then once more on March 12th
• Then again on March 17th
• Then picked up more on March 18th
• Then again on March 25th
• Then once more on March 26th
Up to $630,000 total across all purchases
He's still underwater on every single buy, but so was Intel at one point
BREAKING: The White House has published a full list of business leaders who are joining President Trump on his trip to China:
1. Elon Musk, Tesla and SpaceX CEO
2. Tim Cook, Apple CEO
3. Larry Fink, BlackRock CEO
4. Stephen Schwarzman, Blackstone CEO
5. David Solomon, Goldman Sachs CEO
6. Jane Fraser, Citigroup CEO
7. Kelly Ortberg, Boeing CEO
8. Michael Miebach, Mastercard CEO
9. Ryan McInerney, Visa CEO
10. Larry Culp, GE CEO
11. Sanjay Mehrotra, Micron CEO
12. Cristiano Amon, Qualcomm CEO
13. Brian Sikes, Cargill CEO
14. Dina Powell McCormick, Meta Executive
15. Jacob Thaysen, Illumina CEO
16. Jim Anderson, Coherent CEO
There may be additional CEOs who join the trip that are not yet named.
We continue to believe the market is underestimating the potential outcomes of the US-China summit.
BREAKING: Iran and Oman are drafting a protocol to "monitor transit" through the Strait of Hormuz.
Details include:
1. Iran says tanker traffic through Hormuz will be "supervised and coordinated” with Iran and Oman
2. Iran says "these requirements will not mean restrictions, but rather to facilitate and ensure safe passage"
3. This is reportedly a "post-war draft" and aimed to "prevent aggression in the future"
4. Iran says that even in peaceful conditions, traffic should be monitored
It appears Iran is positioning for long-term control of the Strait of Hormuz.
This is absolutely insane:
At 7:04 AM ET today, President Trump said “the US and Iran have had productive discussions" to end the Iran War.
By 7:10 AM ET, the S&P 500 surged +240 points adding +$2 TRILLION in market cap.
27 minutes later, Iran completely denied all of President Trump's claims and said there has been "no contact" with the US.
By 8:00 AM ET. the S&P 500 had fallen -120 points erasing -$1 trillion in market cap.
That's a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500.
What is happening here?
Something very strange is happening in precious metals right now:
In just 3 hours, gold and silver just erased a combined -$2 TRILLION in market cap.
Meanwhile, oil prices have erased their gains on the day and US stock market futures are nearly green.
Since the Iran War began, such a reversal in oil and equities has almost always sent gold prices higher.
So, what just happened?
The sporadic moves in price could signal that a potential large player in the space is being liquidated.
But more importantly, the persistent move higher in the 10Y Note Yield, which is now at 4.40% and up +45 bps in 3 weeks, is beginning to weigh on various asset classes.
Combine this with headline fatigue and "pockets" of illiquidity in the market, and the massive gaps to both directions are only growing.
Something big is happening metals markets right now.
Something very strange is happening in precious metals right now:
In just 3 hours, gold and silver just erased a combined -$2 TRILLION in market cap.
Meanwhile, oil prices have erased their gains on the day and US stock market futures are nearly green.
Since the Iran War began, such a reversal in oil and equities has almost always sent gold prices higher.
So, what just happened?
The sporadic moves in price could signal that a potential large player in the space is being liquidated.
But more importantly, the persistent move higher in the 10Y Note Yield, which is now at 4.40% and up +45 bps in 3 weeks, is beginning to weigh on various asset classes.
Combine this with headline fatigue and "pockets" of illiquidity in the market, and the massive gaps to both directions are only growing.
Something big is happening metals markets right now.
What just happened?
At 2:30 PM ET today, CBS News reported that President Trump was considering "boots on the ground" in Iran.
Then, at 3:43 PM ET, President Trump said "I don't want to do a ceasefire with Iran," with the S&P 500 hitting a new 2026 low.
Exactly 90 minutes later, at 5:13 PM ET, President Trump said the US is "considering winding down" the war with Iran.
Between the 3:43 PM ET and 5:13 PM ET comments, the S&P 500 had already risen nearly +1% on NO news.
By 6:15 PM ET, the S&P 500 rallied +1.8% from its low, adding +$900 BILLION in market cap.
Markets are now closed until Monday.
BREAKING: New US intelligence says Iran's leadership is still "largely intact" and not at risk of collapse "any time soon," per Reuters.
Details include:
1. A "multitude" of intelligence reports provide "consistent analysis that the regime is not in danger" of collapse
2. Intelligence also suggests that the Iranian government "retains control of the Iranian public"
3. Israeli officials in closed discussions also have acknowledged there is "no certainty" the war will lead to the Iranian government's collapse
4. The situation on the ground is being described as "fluid"
Oil prices are at a new high of day.
BREAKING: As US oil prices rise above $110/barrel, our models indicate that if current levels are sustained for 3 months, US CPI inflation would rise to ~3.5%.
This would put US inflation at its highest level since March 2024.
This chart has perfectly predicted the current Bull Trap to $73K.
We’re mirroring the 2022 pattern right now, and $BTC will dump to $45,000 in 12 days.
Position accordingly.