Carlos Figueroa Vaca @cfigueroa1982: "ꜱᴛᴏᴄᴋꜱ ᴊᴜᴍᴘ ᴏɴ ʜᴏᴘᴇꜱ ᴏꜰ..."

Ecuador

ꜱᴛᴏᴄᴋꜱ ᴊᴜᴍᴘ ᴏɴ ʜᴏᴘᴇꜱ ᴏꜰ ᴀ ʙʀᴇᴀᴋᴛʜʀᴏᴜɢʜ ɪɴ ᴜꜱ-ɪʀᴀɴ ɴᴇɢᴏᴛɪᴀᴛɪᴏɴꜱ Stock futures jumped sharply on Monday night as oil prices tumbled and hopes grew that a resolution to the US-Iran conflict was within reach, with US markets having been closed for the Memorial Day holiday. $DJ30 futures surged 441 points, or 0.9%, while $SPX500 futures gained 0.9% and Nasdaq-100 futures advanced 1.2%, setting up a strong Tuesday opening following the long weekend. President Trump's declaration that talks with Iran were proceeding nicely provided the main catalyst, though he maintained his characteristic caution by warning that the US could resume offensive operations if discussions falter. WTI crude futures declined approximately 6% following these comments, as the energy market repriced and removed a significant inflation headwind. The S&P 500 had climbed 0.9% last week to post its longest weekly winning streak since late 2023, representing its eighth consecutive weekly gain. The weekend announcement regarding a potential Iran deal is the most significant macro event for equities since the March 30 bottom, with the potential to trigger a dramatic sector rotation in which energy stocks could decline sharply as $OIL prices collapse, while consumer discretionary, airline, and logistics stocks could surge. Nikkei reported that Washington and Tehran have agreed to a 60-day ceasefire extension, with Iran committing to clear Strait of Hormuz mines within 30 days. However, Iranian Foreign Ministry spokesman Esmaeil Baghaei cautioned that the signing of an agreement is not imminent despite progress, with major disagreements still persisting. Thursday's US April PCE Price Index release represents the week's defining economic event. -Carlos $NSDQ100

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