The S&P 500 Technology sector $XLK is now positive for 15 consecutive days, gaining over 21%.

Never since the ETF’s launch in 1998 has such a long streak occurred.

Iran’s Foreign Minister Araghchi: Passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire.

S&P 500 currently up 7.9%, making it the 6th best April since 1950.

Institutions are loading up on call options at the fastest pace

NASDAQ up 12 days in a row!

This is historic momentum, and was bullish for both the NASDAQ and $SPX

VIX fell more than -40% in the past 13 days

Historically, similar declines saw $SPX higher every time, 1 year later

Average gain: +15%
Max drawdown: -10.2%

Since 1928, this is the first time the S&P has made new all-time highs in 11 days or fewer after falling 5-10%.

Todays Scheduled CB Speakers
ALL TIMES BST

Fed Williams 1.35pm
Fed Miran 3.35pm

ECB Kazaks 1.30pm
ECB Schnabel 2pm
ECB Rehn 4.15pm/4.40pm
ECB Villeroy/Kocher 5pm
ECB Nagel 5.45pm
ECB Lane 7.30pm

BoE Taylor 4.40pm/8pm

SNB Tschudin 5pm

RBA Hunter 7.30pm

Trump says he is “trying to get a little breathing room between Israel and Lebanon” and “it will happen tomorrow.”

The S&P 500 spiked to a record high close today on news that the Strait of Hormuz has been blockaded, halting trade

The S&P 500 officially closes above 7,000 for the first time in history, now up +11.2% from its low seen 12 trading days ago.

The S&P 500 has recently traded along its average path following previous geopolitical shocks

The S&P 500 has averaged +24% in the 12 months after an oil shock.

Crude prices have surged 20% in 48 hours just 8 times in the last 40 years.

Stocks were up in 7 of 8 instances.

History favors the bulls.

FBI has warned police departments in California that Iran wants to retaliate for American attacks by launching offensive drones against the West Coast - ABC News

US intelligence assets have begun to see indications Iran is taking steps to deploy mines in the Strait of Hormuz shipping lane - CBS News

Trump mulls taking over the Strait of Hormuz - CBS

Trump: war could be over soon - CBS


Trump: US very far ahead of 4-5 week time frame - CBS

Wonder what happened

Worst aging tweet in history.

Any close above $88.30 (it’s at $88.45) in crude oil today would make it the largest weekly increase since at least 1985.

Trump: I rate the war at a 12 or 15 out of 10

Trump: Cuba will fall 'pretty soon'

Trump: I see gasoline prices going down "very quickly" - CNN

#Oil prices have surged, w/Brent climbing >$89/bbl and WTI rising past $86 for the first time since Apr 2024, after Qatar warned of prolonged disruptions to energy supplies.

Iran hasn't closed the Strait of Hormuz, a military official says - TV

Global flight cancelations to the Middle East exceed 23,000 since February 28th, with airline disruption costs nearing $1 billion.

Western Official estimates Iran likely has just days of missile strikes left - WSJ.

Oman: We're getting report of a cargo ship coming under fire.

Iran denies intelligence ministry reached out to CIA for talks.

Iran's semi-official Tasnim cites ministry source in a NYT report.

Brent crude #oil +18.1% over the past 5 days ... biggest jump since March 2022

Trump orders ALL Federal agencies in the US Government to immediately stop using Anthropic's technology.

US National Debt as % of GDP...
1975: 33%
1985: 40%
1995: 65%
2005: 61%
2015: 101%
2025: 122%