Risk-on close as oil collapses on US-Iran ceasefire chatter 🛢️📉
$SPX +0.30% | $NDX +0.64% | $DJI +0.30% | $RUT +0.48%
Tech names caught a bid +0.98%, Energy got hammered -1.70%
Crude tumbled on unconfirmed reports the US and Iran are near a ceasefire deal that would reopen Strait of Hormuz shipping lanes. Treasury yields eased, Dollar softened.
Market pricing in relief before any official word drops. Classic buy-the-rumor setup.
$SPX +0.30% | $NDX +0.64% | $DJI +0.30% | $RUT +0.48%
Tech names caught a bid +0.98%, Energy got hammered -1.70%
Crude tumbled on unconfirmed reports the US and Iran are near a ceasefire deal that would reopen Strait of Hormuz shipping lanes. Treasury yields eased, Dollar softened.
Market pricing in relief before any official word drops. Classic buy-the-rumor setup.