Asian shares tumbled today as the US-Iran war entered week three. Trump extended strike deadlines yet stocks posted their worst day since the crisis began. Traditional 60-40 portfolios headed for their worst month since 2022 as bonds and equities slumped together per FT reporting.
Gold fell despite global tensions as liquidity stress overwhelmed haven demand. The yellow metal notched its third weekly decline as hawkish Fed positioning and dollar strength capped gains. European markets closed mixed as G7 ministers met to discuss peace talks.
Oil infrastructure absorbed fresh attacks sending shipping costs soaring. Fuel expenses for the global shipping industry rose $5B since conflict began. Vessels forgo cargo to carry fuel creating logistics chaos from Minnesota to Punjab.
PINS Pinterest SI jumped 6.6 points in three days hitting 14.2%. The social platform grabbed unexpected bear attention as tech rotation accelerated. TKO TKO Group absorbed 5.7 points reaching 15.7% three days post-earnings.
CAR Avis Budget soared to 67.7% SI adding 7.1 points in 72 hours. Days to cover hit 19 flagging squeeze potential if sentiment shifts. Energy options dominated as Devon and APA grabbed positioning through June expiries.
EVD CTS Eventim CEO Klaus-Peter Schulenberg bought $11.5M showing German conviction in live entertainment recovery. Asian insiders fled systematically with Chinese solar and electronics executives dumping over $25M combined.
NKE Nike reports tomorrow afternoon testing retail resilience as consumer staples face earnings scrutiny. BSX Boston Scientific absorbed analyst coverage cuts while mortgage rate warnings from Dave Ramsey added housing pressure.
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.
