Market Overview:


- Brent oil jumped to $112 (+29% from April low)
- WTI oil hit $100 (+23% from April low)
Yet US indices are trading at all-time highs even though the Strait of Hormuz is still closed.
This is not fundamentals. This is leverage + one of the biggest short squeezes we’ve seen in a long time.
Gold dropped 2.65%, Silver fell 4.5% from weekly highs.
Bitcoin rejected $80k and is sitting at a 6-day low below $77k.
Big week ahead:
FOMC → Wednesday
Microsoft, Google, Amazon, Meta Earnings → Wednesday
Apple Earnings → Thursday
ISM Manufacturing PMI → Friday
BTC-0.89%
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GateUser-87adec4b
· 8h ago
thanks for the useful information
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