Crude Crashes As Blue-nami Sparks Market Chaos; Bullion, Bitcoin, & Bonds Bid

Summary

Crude Crashes As Blue-nami Sparks Market Chaos; Bullion, Bitcoin, & Bonds Bid Tl;dr : One word supports much of today's equity exuberance: " hedged " as the 'priced in' anxiety over a blue wave came to pass and so protection was unwound , slamming vols, and driving up stocks from ugly ( data-centers/AI CapEx is dead ) overnight lows (though we might add the word " rotation " to today's narrative). Tangential to this, oil priced plummeted as traders interpreted some penance from The White House as meaning a sooner end (less escalation) to the Iran War. That punched bond yields lower (despite…

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