[Chart courtesy of MarketWatch.com] The major indexes kicked off the new month on a positive note, climbing steadily as fresh hope emerged that the U.S.-Iran war could be winding down. President Trump posted on Truth Social that Iran’s president had asked for a ceasefire, though he added the U.S. would only consider it once the Strait of Hormuz is “open, …
Truce Hopes Spark Strong Rebound – Best Day Since May
[Chart courtesy of MarketWatch.com] Stocks jumped right out of the gate after a new report gave investors fresh hope that the U.S.-Iran war might be winding down. The WSJ said President Trump had told aides he’s willing to end military hostilities even if the Strait of Hormuz stays largely shut. That headline was enough to spark a strong rebound. Crude …
Geopolitical Jawboning Continues – Bears Edge Out Bulls
[Chart courtesy of MarketWatch.com] The major indexes opened higher after President Trump posted that the U.S. is in “serious discussions with a new, and more reasonable, regime” to end military operations in Iran. He added that “great progress has been made,” which briefly lifted sentiment. However, he also warned that if a peace deal isn’t reached “shortly” and the Strait …
No Safe Havens Today – Bears Dominate The Session
[Chart courtesy of MarketWatch.com] The major indexes opened lower and stayed under pressure most of the day, weighed down by rising oil prices and ongoing uncertainty from the Middle East conflict. Brent crude jumped 4% to above $107 a barrel, while West Texas Intermediate climbed 3% to over $93, as traders reacted to the latest developments. President Trump posted on …
From Early Jump To Steady Green Close – Markets Stay Positive
[Chart courtesy of MarketWatch.com] Stocks jumped at the open after reports that the U.S. had delivered a 15-point peace plan to Iran aimed at ending the conflict. The news, first reported by The New York Times and later confirmed by the Associated Press via Pakistani officials, sent crude prices tumbling. West Texas Intermediate fell 3% to around $88 a barrel, …
No Clear Progress On Iran – Indexes Close Moderately Red
[Chart courtesy of MarketWatch.com] The major indexes started the day trying to build on Monday’s strong gains, but the momentum quickly fizzled out. Crude oil resumed its rally as the Iran war dragged into its fourth week, adding to the uncertainty. Traders were reacting to President Trump’s Truth Social post claiming the U.S. and Iran had held “very good and …