"Buy The Dip" Is Dead: Retail Sells Today's Market Bounce, 2nd Time This Week; Sells Nvidia

Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q1 profit rose 17% from a year earlier, while net income came in at $8.58 billion. That amounted to $1.11 a share, above...

Iran President Says 'Prepared To End War' If Security Guarantees Offered, Oil Plunges Summary President Pezeshkian: prepared to end war with guarantees against further attacks. IRGC warns it will hit 18 US tech companies in region, says Siemens in Israel already attack China, Pakistan issue broad five-point framework for peace (document below); France, Italy begin to block airspace for Iran-related US ops WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal - says "regime fragmenting" President Trump signals off-ramp, tells world "go get your own oil", says Iran 'decimated'. Tells NYP the...

QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes The already dismal LNG supply situation just got worse. With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of ⁠its long-term liquefied natural gas (LNG) supply contracts, including ‌for customers ⁠in Italy, Belgium, South Korea ⁠and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg. The move on...