Hey folks,
Markets are up firmly today — and the headlines out of the Middle East are playing a big role.
Iran, after weeks of escalating rhetoric and saber-rattling — and the attack they endured late last week — is now reportedly interested in sitting down with both the U.S. and Israel to talk nuclear terms.
That’s a sharp pivot from a regime that not long ago was calling for both nations to be wiped off the map.
Now, it looks like the pressure may be working.
This shift — whether it’s sincere or just a strategic pause — has taken some of the geopolitical heat out of the market. As of this morning, both crude oil and gold are pulling back, largely on hopes that tensions in the region may cool down.
Why does that matter? Because oil and gold are two of the most reliable “fear trades” in the world.
When things get chaotic — war, inflation, economic stress — money flows into both. When things calm down (or seem to), the opposite happens.
This morning’s drop is the market’s way of saying: “Maybe things are cooling off… for now.”
But we’ll see. Iran’s demands in the past have been extreme. And the U.S. isn’t likely to play ball unless the terms are very different this time around.
That’s exactly the spot where President Trump — who’s been vocal about reshaping U.S. foreign policy — wants the negotiations to be.
And don’t forget: tomorrow we get retail sales data.
That’s going to give us a fresh look at the health of the American consumer. If it comes in strong, it could reinforce the market’s bullish mood. If not? We could see some backpedaling.
Either way, I’ll be watching closely.
Stay sharp,
—Geof
P.S. Nate Tucci spent six months building the trading tool of his dreams. ANd now he’s giving away access for FREE? I can’t even believe it.
