LFG!!! | HUUUUUGE

In significant positive news, Iran has declared the Strait of Hormuz completely open for all commercial vessels for the remainder of the current ceasefire. This development follows Donald Trump's optimistic statements regarding an agreement to extend Iranian nuclear restrictions for over 20 years and the collection of 460 kg of highly enriched uranium. This news has led to a decrease in oil prices and interest rates. While negotiations are not finalized, this step is seen as very bullish for the markets, potentially mitigating the impact of upcoming negative economic data. For the next six to seven months, the market will likely see data reflecting the recent period of uncertainty, which will be attributed to the "war." However, with the geopolitical situation improving, these data points are expected to be discounted by investors. The decline in oil prices, with crude now in the low 80s, and the decrease in the 10-year Treasury yield to 4.24% are significant positive indicators. Furthermore, the possibility of further interest rate hikes has been largely removed, with a very low chance of any increase. The market is now closer to a coin toss on whether a rate cut will occur this year, a more favorable scenario for economic recovery. This sentiment is echoed by financial institutions like Goldman Sachs, which have highlighted the importance of "rates relief" for continued market recovery. This positive turn of events is seen as an excellent start to the day, with opportunities for investors to continue "buying the dip."