Stocks Sink Despite Hormuz Hopes As China Sparks Chipmaker Chunder Into Busy Week

Tl;dr: TACO strikes again (Trump halts strikes for diplomacy) smashing oil prices lower (stocks initially higher, bond yields lower) but a double-whammy from China (CXMT and DUV, more below) sparked a Semis slump, dragging Nasdaq lower ahead of a very catalyst-heavy week (rest of the majors managed gains). The dollar, gold, and bitcoin all ended with marginal point-to-point moves after initial kneejerks.

Oil