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BREAKING: IRGC-affiliated Iranian media say there were no discussions with Trump, and say he backed down out of fear of an Iranian retaliation

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BREAKING: Trump says the US and Iran β€œhave had very good and productive conversations regarding a complete and total resolution” of the Iran War.

Trump has ordered the Department of War to postpone β€œany and all strikes” against Iranian power plants.

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BREAKING: US oil prices collapse below $84/barrel after Trump says the US and Iran have had "productive talks" and US strikes on Iranian power plants have been postponed for 5 days

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Here’s what just happened: Trump said Iran talks are going well, and the entire financial world celebrated.

S&P and NASDAQ futures are up about 2%, and oil just plunged nearly 9%.

Trump’s paused military strikes for 5 days while negotiations supposedly 'continue'.

For the average Joe, that means cheaper gas, a happier retirement account, and the world stepping back just 1 step from the edge.

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Navigating the Discourse is better then Avoiding the Discourse

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This is absolutely insane:

At 7:04 AM ET today, Trump said β€œthe US and Iran have had productive discussions" to end the Iran War.

By 7:10 AM ET, the S&P 500 surged +240 points adding +$2 TRILLION in market cap.

27 minutes later, Iran completely denied all of Trump's claims and said there has been "no contact" with the US.

By 8:00 AM ET. the S&P 500 had fallen -120 points erasing -$1 trillion in market cap.

That's a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500.

What is happening here?

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Iranian FM Araghchi just shut down any regional peace talks:

"We didn't start this war, go talk to Washington if you want de-escalation."

They're flat-out rejecting mediation offers from neighbors and pointing the finger straight at the U.S., despite what Trump just announced.

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Netanyahu:

We are working to bring Iran to places it has never been before.

They will understand that they are below, and we are above.

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OnlyFans owner Leonid Radvinsky, an American of Ukrainian descent, has died of cancer at age 43 β€” Bloomberg

*At the time of his death, he was the sole shareholder of the company. Recent estimates placed his net worth as high as $7.8BN, driven by massive dividend payouts & potential company sale valued at $8BN

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Exactly 12 hours after our "warning," Trump has INTERVENED:

Yesterday, at 7:35 PM ET, we posted that "oil prices are no longer the biggest threat to markets."

We said it has become increasingly clear that "bond markets will dictate just how long Trump can continue increase pressure in the Iran War."

At 4:30 AM ET today, we noted that bond market is now more "broken" than the energy market situation.

Then, as the 10Y Note Yield hit 4.45% last night, Trump likely had the same conversation as he did on April 9th, 2025, when he paused tariffs for 90-days.

3 hours later, Trump postponed all strikes on Iranian power plants for 5 days and said the US and Iran have had "productive" talks to end the war. And, the intervention becomes even more clear.

30 minutes later, Iran denied Trump's claims and said Trump is trying to "buy time" by calming markets.

The 10Y Yield briefly collapsed before rebounding back to 4.38% now, a clear attempt by the US to contain the brewing bond market crisis.

The US simply cannot afford the 10Y Yield at 4.50%+.

Keep watching the bond market.

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Fun fact.

Before modern refrigeration, rural communities in Russia and Finland used an unusual technique to keep milk from spoiling: they dropped live brown frogs (Rana temporaria) into their milk containers.

Scientists later discovered that the skin of these frogs secretes antimicrobial peptides-natural antibiotics-that kill bacteria and slow spoilage, helping the milk stay safe to drink for longer.

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Russian oil export facilities at the port of Primorsk are ablaze this morning after a highly successful Ukrainian drone raid overnight. Via RFERL

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OH MY GOSH!!!

The Atlanta TSA line is so long, that it is not just wrapped around baggage claim...

...BUT IS WRAPPING AROUND THE OUTSIDE OF THE FREAKING BUILDING!!!!

I am hearing that people waited in line for SIX HOURS last night and still missed their flights.

INSANE!!!!!

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β€œok but you really did have talks with iran, right?”

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On today, World Bear Day, spare a thought and prayer for all the beautiful bears in captivity around the world. Pray that they might one day remember their strength and turn on their captors, rending them limb from limb in a wild frenzy

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