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Stocks Shrug Off Surging Oil Prices, Bitcoin Rips As Tehran Turbocharges Tensions With Trump

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: 'Ceasefire schmeasefire' - oil prices are back above yesterday's highs after Iran struck 3 ships in the Strait, but stocks continue to dream of post-conflict 'good times' based on solid earnings (hope), despite very narrow breadth.  Bonds also shrugged off oil's angst as big-tech and bitcoin ripped higher. Gold and the dollar were unch.

Oil