Thanks for the nice summary, as always ET. "But the decline was driven by energy prices rather than broad-based weakness in prices" .....you mean the energy (oil) prices that have gone up 12% in the last 3 days without any sign of weakness thus far? ...

US Consumer Price Index - June 2026

Having spent the past 2.5 months short equities, with the exception of the last 2.5 days, it better not finally go big CPI will be interesting with the shifts in rate cut odds.

Trump: Will hit Iran hard tonight and tomorrow

The US has a few of its own though (it seems): url

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

The VIX is certainly starting to support this idea as well. Friday's lows were basically the lows of the post-war era, so there's an argument to be made that we were due for some increases anyway. That said, as you point out, the macro data ...

US forces to resume Iran blockade on July 14 at 4pm ET

There certainly has been a longer period of market reaction than the previous 5/6/7 times. "normally", the market discounts the rhetoric within hours (after being fooled a few times in early April). This, however, has been sticky. It doesn't help ...

US forces to resume Iran blockade on July 14 at 4pm ET

Standard operating procedure: Gives Iran time to "call the president and beg for a deal" (president's words, not mine)...at which time "the price of oil will drop like a stone" (again, his words).

US forces to resume Iran blockade on July 14 at 4pm ET

Yup, I noticed that last night too...oil is taking notice now as well with no pullbacks and continuing to make new highs of day on steady upward movement. It's almost as if 5AM CST rolled around, took notice of exactly what you stated, and the ...

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

....for now anyway. Memory and semis are getting tagged a bit today though. Volatile industries to be sure, but the equal weighted S&P and NDX are flat/off less than their weighted counterparts. The big boys are moving more than the rest of the ...

Fed's Waller: Want markets to have as much information as possible

Oooh - that sounds strikingly different than Warsh. Let's see how the pundits read into and spin this comment.... ....on the other hand, nearly no one outside of highly involved traders/analysts care about FED comments like this.

Fed's Waller: Want markets to have as much information as possible

What's a decimal place among friends? Am I right? Perhaps he'll trade the 20% to the EU for Greenland...

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

Create a problem. Offer to fix the problem....for a small fee. Seems kind of the like the tariff situation again, doesn't it? There was a joke on a West Wing episode YEARS ago that sums up this scenario quite nicely. "You know the story about the ...

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

Markets go both ways....for some he just made a fortune (or gave the opportunity to enter at a discount). Equities are back at the pre-tweet levels after 15 minutes (/nq is notably higher)

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

I laughed my ass off when, during an interview month(s?) ago a report asked him about the Iranians proposing a toll (paraphrasing here).... He said: a toll? The US tolling the strait? The reporter clarified: "no, the Iranians". He said "No. No way. ...

Trump: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran

Look at price action. Across the various markets, lack of violent price moves provided evidence that this is low impact news.

Iran's Foreign Ministry Spokesperson: Iran is trying to reach a joint mechanism with Oman on...

What is most glaring to me is the absence of "Iran is attacking 80+ US targets in the area in retaliation for the aggression against......" Equities and metals are still a bit skittish (particularly the memory/semi space based on the South Korean ...

Iran's Foreign Ministry Spokesperson: Iran is trying to reach a joint mechanism with Oman on...

If you are legitimately asking for advice I have 2 tips: 1) it helps to let people know the instrument in question 2) don't ask for advice online...you never know if people are being genuine or purposefully misleading you. I presume you are talking ...

Centcom conducts new series of strikes targeting Iran

"conducts" or "completes"? Price action is price action (and /cl should tell the reality), but that word kind of matters when considering what is either a new set of ongoing attacks or the culmination of the latest round. The release from CENTCOM ...

Centcom conducts new series of strikes targeting Iran

Interesting: the first weekend in a few WITHOUT a "we have concluded our strikes" comment prior to the Sunday open...I guess there are still 35 minutes, but it looks like this may not conclude until the overnight session is in full swing (if then)

U.S. Central Command: Launching more strikes against Iran to continue degrading their ability...

Subscribe directly to the Twitter accounts posted on here....though I suspect you may have been sarcastic in your comment

Iran blocks Hormuz again, says US breached deal

That's one viewpoint. Another would be that the sideways action is a great example of how markets can consolidate via either price OR time. This congestion will break one way or another. Technical analysis would suggest a break up and out of this ...

Iran blocks Hormuz again, says US breached deal