Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom After a long weekend of kinetic and verbal escalation (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading... WTI topped $115... Near post-war highs... And despite the recent hope-filled decoupling of oil and stocks... ...S&P f...
Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom After a long weekend of kinetic and verbal escalation (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading... WTI topped $115... Near post-war highs... And despite the recent hope-filled decoupling of oil and stocks... ...S&P futures also weak, down around 0.7% in the early trading... Treasury futures and gold are lower with USD/JPY near 159.70. While the Iran conflict has established an ongoing state of caution in the market, several significant data points yet lie ahead: PCE on April 9, CPI on April 10, and FOMC on April 29. As SpotGamma notes, the SPX Term Structure has returned to contango — which means options are pricing in higher volatility in the weeks ahead than in the near term . Comparing that curve with Forward IV shows a meaningful spread around both the CPI and FOMC dates, suggesting current positioning may not fully reflect the event risk those catalysts could bring. Between negative gamma, the IV-RV flip, and a still-steepened vol curve, the data suggests traders should remain alert. Tyler Durden Sun, 04/05/2026 - 18:24
Good evening from Montreal, where I am in between some curling and a hockey game. If you have any good story ideas, message me at lshaw31@bloomberg.net or via Signal. Five things you need to know The No. 1 movie in the world is Super Mario Galaxy Movie , which grossed more than $370 million over the five-day weekend. It’s the biggest opening of the year and kicks off a spring and summer loaded wit...
Good evening from Montreal, where I am in between some curling and a hockey game. If you have any good story ideas, message me at lshaw31@bloomberg.net or via Signal. Five things you need to know The No. 1 movie in the world is Super Mario Galaxy Movie , which grossed more than $370 million over the five-day weekend. It’s the biggest opening of the year and kicks off a spring and summer loaded with blockbusters. Hollywood studios reached a tentative deal with the union representing screenwriters, a key step towards avoiding any labor stoppage this year. Meta is testing a new subscription feature for Instagram that would let users view stories anonymously. OpenAI is acquiring the tech talk show TBPN . OpenAI swears it isn’t going to interfere with the show, but framed the deal as a way to improve the standard corporate communication playbook (and help burnish the image of AI). Podcasts are starting to look a lot like record labels, Ashley Carman explains . Ye, industry pariah, attempts a comeback Ye, the artist formerly known as Kanye West, has taken a couple of big steps towards turning his career around. He sold out two shows at SoFi Stadium in Los Angeles this past week, earning $33 million, according to people familiar with the numbers. His Friday show earned more than $18 million in ticket sales, said the people, who declined to be identified because the data hasn’t been cleared for public release. That is one of the highest-grossing single shows in live music history. Two packed shows could be seen as a stunt or an aberration. For all his recent problems, Ye still has loyal followers. But it’s not just the ticket sales. His new album, Bully , is going to be one of the best-selling albums in its debut week. Corporations, most of whom had distanced themselves from Ye, are willing to do business with him again. Spotify put songs from Bully on its top playlists. The song Father was the top track on RapCaviar and was in the top 20 on Today’s Top Hits. Live Nation, t...
Technology stocks and funds have skyrocketed in recent years as investors rushed to get in on the next big revolution: artificial intelligence (AI). Like the internet or the printing press, AI may enter history books as one of the biggest transformations in the world of technology. And companies and investors involved in the early stages may score a major win. This idea has sparked investor intere...
Technology stocks and funds have skyrocketed in recent years as investors rushed to get in on the next big revolution: artificial intelligence (AI). Like the internet or the printing press, AI may enter history books as one of the biggest transformations in the world of technology. And companies and investors involved in the early stages may score a major win. This idea has sparked investor interest in tech stocks and funds, driving them to highs. And one of these winning assets has been the Vanguard Information Technology ETF (NYSEMKT: VGT) . Over the past three calendar years, this exchange-traded fund has soared 136%. Since the start of this year, it's slipped about 6%, but at about $700 a share, it remains close to its peak price of more than $750. In a couple of weeks, the fund's managers will do something that will drastically change the price of this hot ETF. With this in mind, should you buy shares before the key date of April 17? Let's find out. Continue reading
Gold fell, after US President Donald Trump renewed threats to destroy Iran’s power plants and Tehran showed little sign of accepting American demands to end the war in the Middle East. Bullion slipped as much as 1.3% in early trading, having declined 1.7% in the previous session. In a social-media post over the weekend, Trump said he would bring “Hell” to Iran if it didn’t open the Strait of Hormu...
Gold fell, after US President Donald Trump renewed threats to destroy Iran’s power plants and Tehran showed little sign of accepting American demands to end the war in the Middle East. Bullion slipped as much as 1.3% in early trading, having declined 1.7% in the previous session. In a social-media post over the weekend, Trump said he would bring “Hell” to Iran if it didn’t open the Strait of Hormuz, while Tehran rejected the ultimatum and kept up strikes on energy infrastructure in the region. Read More: Trump Escalates Threats to Bomb Iran’s Power Plants After Rescue Gold has fallen since the conflict began more than a month ago, as spiking energy prices have stoked fears of inflation and reduced the prospects for interest-rate cuts. Bullion’s haven appeal has also been dimmed by the need for investors to liquidate their positions and cover losses elsewhere. Spot gold fell 1% to $4,630.08 an ounce at 6:14 a.m. Singapore time. Silver dropped 1.4% to $72.04. Platinum and palladium also declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, ended the previous session up 0.3%.
Traders work at the New York Stock Exchange, in New York, Jan. 16, 2026. NYSE Stock futures fell on Sunday, following a winning week, as traders continue to monitor the latest developments in the U.S.-Iran war and oil prices rose. Dow Jones Industrial Average futures lost 253 points, or 0.5%. S&P 500 and Nasdaq-100 futures shed 0.6% and 0.7%, respectively. Wall Street is coming off a strong perfor...
Traders work at the New York Stock Exchange, in New York, Jan. 16, 2026. NYSE Stock futures fell on Sunday, following a winning week, as traders continue to monitor the latest developments in the U.S.-Iran war and oil prices rose. Dow Jones Industrial Average futures lost 253 points, or 0.5%. S&P 500 and Nasdaq-100 futures shed 0.6% and 0.7%, respectively. Wall Street is coming off a strong performance last week, with the S&P 500 soaring nearly 6%. That gain snapped a five-week losing streak and marked the benchmark's best weekly performance since late November. The Dow and Nasdaq also ended their respective five-week slides. The former advanced 3% for the week, while the latter popped 4.4%. Those gains weren't easy to come by, however. The major averages experiences wild swings during the week, as traders assessed updates on the U.S.-Iran war and gauged when the conflict may end. On Sunday, President Donald Trump warned the U.S. would strike Iran's power plants and bridges if the Strait of Hormuz isn't opened by Tuesday. "Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!!" Trump said in a Truth Social post . Crude prices ticked higher to start the week. West Texas Intermediate futures gained 1.9% to $113.53 per barrel. Brent crude climbed 1.3% to $110.44 per barrel. Monday will mark the first session during which investors will be able to react to the March jobs report, which came out on Friday. (U.S. markets were closed due to Good Friday.) The U.S. economy added 178,000 jobs in March, well above the Dow Jones consensus of 59,000. The unemployment rate also fell to 4.3% from 4.4%, though that was largely due to a big drop in labor force participation. "The March employment data showed a strong rebound from February's weak numbers but likely won't completely reassure markets as a deeper look suggests a labor market that is limping along," said Ryan Weldon, portfolio manager at IFM Investors. "The layoff...