Good morning Market Masters,
The weekend mattered.
Strikes in Iran. Strait of Hormuz disruption risk. Oil bid. Gold higher. Yields firm. Futures leaning lower.
This is a geopolitical premium being priced across assets, not just energy.
The S&P equal-weight reading is already negative. Cap-weight is barely holding. Volatility is pressing right back into the top of the range we’ve been tracking.
That combination is not random.
The first hour is going to matter. If oil extends and equities can’t stabilize, pressure spreads fast. If vol spikes and fails again, that’s where reversion setups start to form.
We’ll go through it cleanly at 8:45. The internals, the levels, the names that matter.
If you’re trading this open, don’t guess.
Stay positive,
Garrett Baldwin