๐ธ๐ฆ Saudi Arabia fully restores East-West oil pipeline, bypassing the Strait of Hormuz and pumping 7,000,000 barrels per day.
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๐บ๐ธ Trump announces the U.S. will blockade all ships in the Strait of Hormuz, as Polymarket odds of oil hitting $110 in April stand at 52%.
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๐บ๐ธ Trump says stock market has not declined significantly since the war.
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๐จ๐จ Google search interest for "price of oil" spiked to its highest level on record in data going back to 2004.
This exceeds the 2022 Russia-Ukraine war and 2008 Financial Crisis peaks by +300%.
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
๐จ "Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz." - President Donald J. Trump
@PoliticFinance
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โข Markets React to Failed Negotiations and Hormuz "Blockade"
โข March Existing Home Sales data
โข March PPI Inflation data
โข Philly Fed Manufacturing Index
โข Initial Jobless Claims data
โข 10 Fed Speaker Events This Week
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๐จ Indonesia's rupiah falls to record low of 17,130 per US Dollar.
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๐จ๐ณ China calls on US and Iran not to resume fighting despite failed negotiations.
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Forwarded from VIPInside
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Kremlin spokesman Dmitry Peskov:
Russiaโs proposal to accept Iranโs enriched uranium remains on the table, but it has not been taken up.
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Iran is exploring the possibility of stopping uranium enrichment as a condition for ending the war, according to New York Post.
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๐บ๐ธ US MARCH EXISTING HOME SALES FALL 3.6% M/M; EST. -0.7%
๐ช t.me/FinancialWorldUpdates
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V-Shaped rebound is coming despite risks.
The bank expects international equities, emerging markets, small caps, and value stocks to lead, with capital inflows set to outperform.
This macro bearish sentiment creates entry point for next huge market rally.
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President Trump says 158 Iranian ships have been destroyed.
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Elon Musk questions the predictions made by legacy press and hedge fund short sellers regarding the so-called "Tesla killers."
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๐ฎ๐ท Iran says any military action in the Strait of Hormuz will escalate the crisis
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Sanctioned Chinese-linked tanker crosses Strait of Hormuz despite US naval blockade.
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๐บ๐ธ Someone created a new wallet and spent $40K betting that Trump will announce the end of the USโIran ceasefire by April 15 or April 18. Currently, he is down $34K (-85%).
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Markets near highs, but macro says otherwise
Markets are sitting ~2% below all-time highs, yet the macro backdrop still looks unresolved.
Current pricing assumes energy returns to pre-war levels. That looks optimistic.
Second-order effects from supply chains and input shortages are still ahead and not fully reflected.
This creates a clear disconnect between price and reality.
Liquidity was increased on this move.
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