Go Get Your Own Oil: The False Promise Of Peace

The S&P 500 staged a sharp rebound, but the author remains skeptical and views the broader trend as still bearish until clear upside technical breaks occur. Market optimism about a potential Iran peace is judged premature—negotiations are only beginning and Iran's conditions remain far from U.S. demands. Expect continued cautious positioning and limited conviction in risk-on trades absent technical confirmation or concrete diplomatic progress.

Analysis

The S&P 500 staged a sharp rebound, but the author remains skeptical and views the broader trend as still bearish until clear upside technical breaks occur. Market optimism about a potential Iran peace is judged premature—negotiations are only beginning and Iran's conditions remain far from U.S. demands. Expect continued cautious positioning and limited conviction in risk-on trades absent technical confirmation or concrete diplomatic progress.