Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over

“My first read is that investors will not immediately price this as a full return to war, but they also cannot go back to the clean ‘peace dividend’ trade. The bigger point is that any path from ceasefire to durable peace now looks much longer and much more fragile...”

Goldman: "We Haven't Seen Panic On The Desk, Yet"

"If the news turns cracks into a crevice and market leadership shifts, this could turn into a much deeper selloff as the worst historical drawdown in the factor is about 2x vs current selloff." - Goldman


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AI Under Attack

Momentum is merely the symptom. AI is the trade that's actually being unwound.