Samsung, Semis, The Strait, & Sanctions Spark Market Maelstrom, Momo Meltdown

Tl;dr: A triple-whammy of tanker attacks in the Strait of Hormuz (and Iranian sanction waivers revoked) and a priced-for-perfection Samsung (sold despite smashing earnings) triggered higher oil prices and bond yields (NYFRB inflation expectations higher too) and lower stock prices respectively today (led by momentum). The dollar jumped higher (GBP lower), slamming gold lower (with bitcoin giving up early gains).

Momentum is now down over 20% in the last five days (its most aggressive decline since Nov 2020 - COVID vaccine) - so, hardly a healthy correction - and testing its 200DMA...

Oil