Eugene Ge

Brace it or cooked

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Military has just conducted strikes on targets in southern Iran, including Bandar Abbas and Iran’s Qeshm Port, per Fox News.

It appears the US-Iran ceasefire is beginning to unwind after renewed strikes from both sides.

[The Spectator Index @spectatorindex]

BREAKING: The US military conducted strikes on Iran’s Qeshm Port and Bandar Abbas, according to Fox News.

[The Spectator Index @spectatorindex]

The share price of Robinhood has fallen by over 7% after it released its earnings report.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The UAE announces it will be leaving OPEC effective May 1st.

This will officially end the UAE's 59-year membership in the organization.

The Iran War is redefining the global energy industry forever.

[Eugene Ge @YuGeGloria]

@KobeissiLetter lol pump again

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump extends the US ceasefire with Iran indefinitely.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iran says they believe they are "facing deception" from President Trump due to "inconsistency with what is actually happening" during negotiations.

Iran says they believe the US and Iran are "on the verge of a new round of escalation."

Futures open in 4 hours.

[The Kobeissi Letter @KobeissiLetter]

HORMUZ UPDATE:

Iran has now turned back 20 vessels attempting to cross the Strait of Hormuz today and the US "blockade" has turned back a total of 23 vessels.

It appears we are now entering a complete shutdown of the Strait of Hormuz.

Prior to the US blockade, vessels from Iran and Iran's allies were permitted to sail through the Strait of Hormuz.

Now, under the US "blockade," the US is prohibiting vessels from accessing Iran's ports and coast.

We may be seeing the first ever complete shutdown of Hormuz.

More details to come shortly.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US call option volumes have surged to 47 million contracts per day, the 2nd-highest reading this year.

Call volume has surged +75% since the beginning of the month.

At the same time, put option volume has declined -15%, to 32 million contracts per day.

Yesterday, the call option volume in the S&P 500 surpassed 3 million contracts for the first time in history.

By comparison, fewer than 500,000 contracts traded for the index at the beginning of April.

As a result, the CBOE total put/call ratio is down to 0.68, the lowest since the mid-May 2025 low.

Risk appetite is surging at a record pace.

[Darth Powell @VladTheInflator]

HO-LE-FUK

The Austin housing market is going full biblical collapse.

There are 117% MORE sellers than buyers.

There are 2 home sellers for every one buyer

[Eugene Ge @YuGeGloria]

@KobeissiLetter meanwhile there is another number worth a glance, the truck sales, it dropped to the lowest level since pandemic

[The Kobeissi Letter @KobeissiLetter]

Key Events This Week:

1. Markets React to Failed Negotiations and Hormuz "Blockade" - Today, 6 PM ET

2. March Existing Home Sales data - Monday

3. March PPI Inflation data - Tuesday

4. Philly Fed Manufacturing Index - Thursday

5. Initial Jobless Claims data - Thursday

6. 10 Fed Speaker Events This Week

Today marks day 44 of the Iran War.

[Eugene Ge @YuGeGloria]

@KobeissiLetter So basically all the fly in the air peace talks is just another pump to stablize the market...we will see how the market react tonight

[The Kobeissi Letter @KobeissiLetter]

IRAN ON FAILED TALKS WITH THE US IN PAKISTAN:

"The American enemy, which is vile, wicked and dishonest, attempted to achieve on the negotiating table what it could not achieve through war. Iran has decided to reject these terms and continue the sacred defense of its fatherland by any means necessary, military or diplomatic."

Markets will react to the news in 10 hours.

[Eugene Ge @YuGeGloria]

@spectatorindex lol 😂

[Eugene Ge @YuGeGloria]

@Barchart 3d printed chicken soup 🤣

[Eugene Ge @YuGeGloria]

@JohnLoc18 Hanging in there! Hope you mom a speedy recovery, as well as your account!

[BRICS News @BRICSinfo]

JUST IN: 🇺🇸🇮🇷 US and Iran to hold peace talks Saturday morning in Islamabad, Pakistan.

US Delegation:

• JD Vance
• Kushner
• Witkoff

Iranian Delegation:

• Parliament Speaker Ghalibaf
• Foreign Minister Araghchi

[Eugene Ge @YuGeGloria]

@JohnLoc18 Not gonna take that much of time, Friday we will see

[BRICS News @BRICSinfo]

JUST IN: Hundreds of ships remain stuck near the Strait of Hormuz, including 426 oil tankers and 53 gas tankers.