The shelf life of peace talks is measured in minutes.

At noon, news broke that Qatar and Pakistan had put forward a U.S.-Iran peace talks proposal. U.S. stocks immediately reversed course, with the Dow surging as much as 600 points. $BTC briefly touched 83,250, and oil was pushed back down to 95.5.

Before the news had even had time to sink in, reports surfaced in the middle of the night denying those “peace talks progress” reports. Oil immediately bounced back $2 to 97.6, the Nasdaq erased its gains, and $BTC fell back to 82,300.

In a single day, the bulls got slapped from both sides: first they chased the peace-talks optimism, then the denial hit them over the head.

The comment section is open: A. The peace talks are a genuine signal; they just need time. / B. It’s all a script cooked up by Wall Street. Which side do you believe?

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