🚨 $600,000,000,000 disappears from the US stock market in just 40 minutes, right after the market rose at the open.

Mechanism: Iran says it is not carrying out any peaceful mediation with the US.

That’s all the risk of re-pricing the market in less time than a lunch break. No warning, no prior notice—just a headline and hundreds of billions of dollars gone.

The markets had priced in a reduction in tensions. One line from Iran instantly erased that opportunity.

The question now is whether this is a retreat in a single day or the beginning of something bigger.