Houthis Hammer Black Gold Bears, Stocks Slide Despite Massive Short-Squeeze, & Momo Reversal

Tl;dr: After a long weekend, Tuesday started with a boom (physically and metaphorically) as significant Houthi attacks on Saudi facilities smashed crude prices to cycle highs (Brent near $100) and no TACO reflexive dip, dragging yields higher, and weighing on equity futures. Nasdaq outperformed as AI stocks were bid on Astra's launch, helped by a big short squeeze and momentum reversal (MegaCap was red). The dollar was lower (even as yen soared on strong wages), and gold and bitcoin broke lower.

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