The Iran War JUST got Worse | Futures are Crashing.
Summary
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Opinions
XAG (commodity)
The speaker notes that silver is not acting as a safe-haven asset as one might expect, stating it 'hit their top' and has not been able to recover since.
NQ (NASDAQ Futures) (futures, CME)
The speaker describes the pre-market as 'pretty ugly' and specifically points out that NASDAQ futures are down 2.22%.
US Market Futures (General) (futures)
The speaker states that futures are 'selling off' and 'tanking' in an 'extreme manner' due to geopolitical events.
XAU (commodity)
The speaker notes that gold is not acting as a safe-haven asset as one might expect, stating it 'hit their top' and has not been able to recover since.
BTC (crypto)
The speaker states that Bitcoin is 'sliding down as well' amidst the broader market sell-off.
YM (Dow Futures) (futures, CME)
The speaker notes that Dow futures are down significantly (183 points) in pre-market trading.
Crude Oil (WTI/Brent) (commodity)
The speaker describes the 17-19% price increase as 'extreme' and the primary driver of the negative market sentiment, noting that a JP Morgan report incorrectly predicted the worst was over.
ES (S&P Futures) (futures, CME)
The speaker notes that S&P futures are down significantly (183 points) in pre-market trading.
Topics
Iran's Political Situation & New Leadership
Geopolitical Tensions in the Middle East
Oil Price Spike
Iran's Nuclear Program
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