Eugenio Catone @CatoneEugenio: "President Trump is telling everyone..."

Italy

President Trump is telling everyone to "just sit back and relax," but that’s easier said than done with the attacks in the Middle East flaring up again. Israel is hitting Lebanon hard, which is the exact opposite of what Iran wanted before reopening the Strait of Hormuz. At the same time, the US-Iran ceasefire is hanging by a thread, and drone strikes from both sides have started back up over the last few hours. It’s tough to say if we're heading back to full-blown bombings, but things are incredibly tense. Looking back, that ceasefire from early April didn't really do much. Two months later, the two sides are still miles apart, and they haven't even touched the thorniest issue yet: Iran’s nuclear weapons. All this uncertainty is pushing oil prices right back up, though for now, the stock market is holding its ground thanks to the AI hype. Honestly, I don't think this bullish trend we've seen since April has solid legs, and this might not be the time to be fully invested. If a full-scale war breaks out again, oil will probably skyrocket close to all-time highs. And if that happens, I highly doubt AI will be enough to keep the markets afloat. $SPX500 $NSDQ100 $OIL $OIL.24-7 $EuroOIL

Not investment advice. The author may have financial interests in the mentioned instruments.