🚨 Friday Market Breakdown – Geopolitics Take Center Stage 🚨
The bulls finally hit a speed bump — and it’s no surprise that it came on Friday the 13th. Geopolitical tensions erupted overnight as Israel launched a massive airstrike on Iranian nuclear and military targets, sending shockwaves through the global financial markets and sparking a sharp flight to safety.
Oil responded as expected — WTI crude spiked over 10% to $72.13 while Brent surged to $73.32, marking the biggest single-session gain in nearly 5 months. With Iran threatening retaliation through drone and missile strikes and a potential shutdown of key shipping routes, energy stocks and commodities are now firmly on the radar.
Meanwhile, U.S. stock futures slid, with the $QQQ tech index falling between 1.5% to 2% overnight, dipping to lows near 522 after closing Thursday at 533.66. Despite the pullback, we’re still holding above key trend levels — no major technical damage is done unless we lose the 500 psychological level and fill the 493 gap.
🪙 Bitcoin, often hyped as a “digital gold,” told a different story: it dropped 5% to ~$105,000. Meanwhile, spot Gold did its job and surged past $3400/oz, clearly reminding investors what a true safe haven looks like in times of crisis.
🔬 Other Headlines That Moved Markets
📉 Boeing (BA) tumbled after an Air India crash involving a 787 Dreamliner killed over 240 people. GE Aerospace (GE) and Spirit AeroSystems (SPR) were also hit due to their role in the jet’s production.
💻 Adobe (ADBE) reported a solid beat and raised full-year guidance, driven by AI demand in its digital media segment. Still, shares were muted in after-hours trading. The street seemed more impressed by Oracle’s recent cloud numbers earlier this week.
💥 Looking Ahead – Focus on Sentiment Data
🧠 Pro Tip from OP: As we often say — war headlines and black swan events create reactionary volatility. Use these moments to study which assets and sectors gain favor in crisis (energy, gold), and which ones see rotation out (tech, crypto). Stay ready to pivot back to risk-on when tensions de-escalate — because those swings offer premium setups.
📊 Today’s Economic Calendar:
🇺🇸 Michigan 1Y Inflation Exp. (Jun) @ 10AM ET
🇺🇸 Michigan Consumer Exp. (Jun) @ 10AM ET
🇺🇸 Michigan 5Y Inflation Exp. (Jun) @ 10AM ET
🇺🇸 Michigan Consumer Sent. (Jun) @ 10AM ET
🇺🇸 US Baker Hughes Oil Rig Count @ 1PM ET
🇺🇸 US Baker Hughes Total Rig Count @ 1PM ET
💬 See you all in chat — OP systems like Secret Sauce and AC&I are primed to outperform in volatility like this. If you’re not maximizing your setups and need help creating your trade plan, email steve@optionsplayers.com today. Let’s stack smart, even in chaos.
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