It seems someone tapped the President on the shoulder given this afternoon's explosive opening in futures and he has posted X thatspiking oil prices are a "small price to pay" for world peace, adding that prices "will drop rapidly" once the Iran nuclear threat is over.
It's Sunday night and the much-hoped for de-escalation has not happened.
This has triggered an explosive move higher in WTI...
...topping $110 for the first time since 2022...(Goldman nailed that call)
US equity futures have dramatically 'broken the box'...
For all the color you can eat on Iran-related market angst, the following posts should help:
'Everything You Knew About The Market Flipped This Week': Top Goldman Trader
Goldman Flows Guru Warns Relatively Calm Index Belies 'Fragile' Market With 'Poor Tolerance For Bad News'
Hartnett: US Politics Dictate March De-escalation To Iran War
'10 Sigma': Goldman's Hedge Fund Honcho 'Level Sets' After Extraordinary Week
Source: ZeroHedge News
