Premium"Something's Got To Give": Goldman Warns As Hormuz Hopes & Soaring Semis Lifts Bonds & Stocks (Again)
Tl;dr: Optimism (however wrongly placed) over a US-Iran peace deal pushed oil prices down, juicing bonds and stocks (with the latter's gains led by semis on the back of a ridonculous UBS upgrade of Micron). Dollar strength pressured gold lower and bitcoin appears to be the latest source of funds to chase Semis to the moon...
