Renewed Iran Headline Roulette Triggers Market Mayhem: AI Angst, Momo Meltdown, Bitcoin Battered

Tl;dr: With OpEx behind us (and NVDA EPS ahead), it appears Friday's stall in the AI/Semis surge has reignited the 'oil matters' (and so do rates) cognition. The return of headline roulette left oil higher, stocks (Momo, AI, Semis) and crypto lower. The dollar declined along with bond prices (yields up modestly) with gold and silver flat on the day. An hour before the close, Trump tweeted that he has "called off a planned strike on Iran tomorrow" sparking optimism for a deal, sending oil down and stocks up.

As one cynical old market trader remarked to us "sooooo stocks ramp because attacks which they had no idea about 20 minutes ago.. aren't going to happen..."

Oil