Oil just dropped 7% in a session—now under $98/barrel—on fresh hopes of a US-Iran deal. When geopolitical risk premiums unwind this fast, you see it immediately in energy stocks and broader market sentiment.
Nasdaq futures are up over 1% today. Makes sense: lower oil = lower inflation fears = rate cut hopes stay alive = growth stocks catch a bid.
This is textbook risk-on rotation. Energy gets hit, tech rebounds. Watch how quickly the narrative shifts when one headline changes the calculus on supply.
Still early, but if this deal materializes, we're talking millions of barrels potentially coming back online. That's a structural shift, not just a one-day pop.
Nasdaq futures are up over 1% today. Makes sense: lower oil = lower inflation fears = rate cut hopes stay alive = growth stocks catch a bid.
This is textbook risk-on rotation. Energy gets hit, tech rebounds. Watch how quickly the narrative shifts when one headline changes the calculus on supply.
Still early, but if this deal materializes, we're talking millions of barrels potentially coming back online. That's a structural shift, not just a one-day pop.
