S&P500 Futs Jump, Bonds Rally, Oil Tanks On Axios Report U.S.-Iran Nearing Deal

Futures, Global Stocks Soar To All Time HIgh, Oil Plunges On Endless "Iran Deal" Drumbeat US equity futures jumped and global stocks rose to record highs as crude oil fell after officials signaled - once again - that the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened while precious metals and crypto bounced from Friday's drop. While the US and Iran closed in on a deal, Trump said he won’t “rush” into an agreement. The deal is still a work in...

Judge Temporarily Blocks Democrat-Backed Referendum To Redraw Virginia's Congressional Map Authored by Aldgra Fredly via The Epoch Times, A county judge in Virginia issued an emergency restraining order on Feb. 19, pausing a referendum backed by Democrats that aims to redraw the state’s congressional maps. Tazewell County Circuit Judge Jack Hurley issued the order following a Feb. 18 motion by the National Republican Congressional Committee (NRCC) that sought to challenge House Bill 1384. HB1384 schedules a referendum for April 21 on a proposed constitutional amendment to allow the General Assembly to redraw the...

"Damage Done Already" - Oil May Take Year To Normalize: Adam Parker Last night’s ZeroHedge debate featured the cautiously bullish Adam Parker, former Morgan Stanley chief equity strategist who now runs Trivariate, and bearish money manager Michael Pento, hosted by Adam Taggart of Thoughtful Money. While Parker is largely optimistic about equities, he put forth a gloomy prediction on gas prices, based on what he is hearing as a consensus on Wall Street. Namely that prices will remain high for at least a year even if Hormuz were to open today. His...