war is good business
market vibes
in the news
US announces it has hit over 80 targets with precision munitions in tonight's strikes on Iran, per CENTCOM.
Amazon has borrowed more than $100 billion so far this year, including 40- and 50-year debt. Investors are growing a bit weary.
The DOJ has informed election officials they can be prosecuted if they allow noncitizens to vote in the 2026 midterms according to laws on the books which have heretofore been ignored. The dems have advised the DOJ and trumpers they will be locked up in prison if they lose in November.
in the markets
NDX is poised to go lower but waiting at the door. Once it starts the gamma kicks in. The street has been advising tactical length to buy protection. However, Trump the negotiator is rarely the words he says. On the other hand the IRGC is just as ephemeral if not more so. Gamma is real.
August WTI is turning higher from a technical downtrend and very long slow grinding liquidation of length. Open interest is low so is confidence in either of the opposing combatants.
The next chart is an 8 week compression study of WTI with key levels to watch noted by horizontal lines if a war narrative develops.
