Oil Up, Everything Else Down As Horde Of Headlines Hammers Narratives

Tl;dr: Anxiety ahead of the hyperscalers' reporting had traders on edge and there was plenty to trigger FAFO over FOMO as OpenAI's 'miss' triggered one of the biggest momo meltdowns in years. Oil hit its highest since the blockade began (initial ceasefire talks end) and everything else fell (stocks, bond prices, gold, crypto) except the dollar (and VIX).

Oil