Trump announced Iran negotiations today saying "they have to open Strait of Hormuz." The statement marked a sharp reversal from week-long escalation that sent oil above $150. WSJ reported US service members injured in strikes on Saudi air bases showing conflict intensity.
The president extended talks deadline after Wall Street posted its worst session since crisis began. Fresh inflation fears sent Treasury yields spiking as stocks and bonds sold off together. Traditional 60-40 portfolios headed for worst month since 2022 per FT reporting.
Ships abandoned cargo to carry fuel as Iran war sent shipping costs soaring. Fuel expenses for global shipping jumped $5B since fighting started. Fertilizer costs surged from Minnesota to Punjab threatening harvests globally according to FT Big Read coverage.
European stocks swung wildly on peace talk speculation. CNBC reported markets closed higher Thursday as US sought conflict end then reversed Friday on uncertainty. EVD CTS Eventim founder Klaus-Peter Schulenberg filed yesterday for $11.5M in buying executed March 27 showing German executive conviction.
Asian markets tumbled on persistent risk aversion. Gold fell for third straight week on hawkish Fed and elevated dollar. Central banks held rates across Europe and Asia as inflation pressures built.
Mid-cap shorts exploded this week. CDNL Cardinal Infrastructure SI jumped from 0.5% to 13.9% in seven days. PINS Pinterest SI doubled to 14.2% from 7.7% weekly as social platforms drew fresh skepticism.
Energy analysts raised targets universally. XOM Exxon consensus rose to $156. DVN Devon Energy topped options sentiment with 79 RSI as traders piled into calls betting on extended war disruption.
RH RH reports Monday testing luxury consumer strength amid sparse earnings week.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
