Blake Young goes live in 15 minutes to break down the week ahead.
And the setup just shifted overnight.
Trump posted on Truth Social this morning: "The United States of America is in serious discussions with a NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran."
Translation: the market thinks the war might actually end soon. Futures are up — Dow +309, S&P and Nasdaq both +0.7%.
But oil is still climbing. Brent crude is above $115. WTI is above $101. Aluminum spiked 3.85% after Iranian strikes hit Middle East production facilities over the weekend.
Alcoa is up 10% premarket. Century Aluminum is up 11%.
So we have: war optimism pushing equities higher, but energy and materials pricing in extended supply disruption.
That's not resolved. That's two opposing forces pulling at the same market.
Blake's covering:
What Trump's Iran post actually means for the trade setup this week
Why oil above $100 and aluminum spiking tell a different story than the futures rally
The levels he's watching and the positions that make sense when the narrative and the price action don't line up
This is the kind of morning where you need someone who reads structure, not just headlines.
See you there.
— TheoTrade