US MARKETS ON FIRE TODAY 🚀
Why the big rally?
Geopolitical calm: U.S.-Iran peace talks ease Middle East fears & oil prices drop
Tech leads: AI & chip stocks (NVDA, AMD, ORCL) surge on earnings & growth
Fed hope: June rate cut odds rise—liquidity coming back
Nasdaq +1.8%, S&P +1.1%, Dow +0.6%. Bullish momentum is back!
#Fed
Absolutely incredible:
US oil prices are now nearing $103/barrel and have been rising at a pace of $1/hour since 6 AM ET.
This puts oil prices +12% above the low seen just ~24 hours ago as ceasefire doubts have grown.
Meanwhile, Iran's Deputy Foreign Minister announced that Iran was "on the verge" of responding to "ceasefire violations" last night, but Pakistan intervened.
Iran is also not allowing more than 15 vessels per day to pass through the Strait of Hormuz, or just ~10% of pre-war levels.
This is in sharp contrast to President Trump's claims that Iran would implement a "complete and immediate" opening of the Strait of Hormuz.
Triple digit oil prices are back in full-swing.
Charts are breaking, support’s gone weak,
A brutal crash is what we seek.
Margin calls will flood the street,
Before the bulls can find their feet.
Don’t get caught in bear’s sharp bite,
Secure your cash, dodge the sharp night.
Market’s primed for a brutal slide —
This is not the time to ride.
#StockMarket