Trump extended his Iran truce deadline overnight creating market volatility. The two-week deadline passed with no resolution as conflict entered week five. FT reported Gulf states considering new pipelines bypassing Strait of Hormuz despite massive costs. Energy rationing spread from Bangladesh to Zambia as governments cut fuel demand.
Oil traded around $100 today after spiking 11% Monday on Trump's escalation rhetoric. Traders faced whipsaw price action as war timeline uncertainty persisted. India's central bank blocked rupee shorts protecting the currency from energy shock contagion.
TTD Trade Desk rebounded sharply after hours reversing earlier weakness. The adtech name grabbed overnight attention per news flow suggesting renewed confidence despite two analyst downgrades last month.
SMCI Super Micro Computer spiked 3.4% after hours launching an independent probe into co-founder linked smuggling allegations. The server maker moved to contain governance concerns as scrutiny intensified.
RIVN Rivian jumped nearly 3% in extended trading on undisclosed catalysts. Palo Alto trended overnight as cybersecurity demand persisted amid geopolitical chaos.
Musk escalated his OpenAI battle seeking ouster of CEO Sam Altman and President Greg Brockman. MSFT Microsoft holds a major stake in the ChatGPT parent company calling the effort a harassment campaign.
WFC Wells Fargo reports tomorrow as big banks kick off quarterly results. DAL Delta delivers today showing airline fuel cost pressure. Defensive rotation accelerated globally as Chinese government bonds emerged as the lone war haven per FT reporting.
Short sellers piled into energy micro-caps with extreme SI moves across TURB Turbo Energy and oil-exposed names. Carlos Slim dumped $115M in energy stakes including PBF and TALO showing billionaire exodus from the sector.
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.
