Ceased Ceasefire?

WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms' Oil extended its biggest quarterly drop since the pandemic this morning as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall. WTI is holding below $70 as US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are moving ahead, a senior administration official said, while President Trump said the meeting was good. Crude has fallen in recent days as the warring parties continued discussions to reach a...

Feds Charge Atlanta Man Who Gave Border Agents 'Self-Destruct' Password For Phone A federal judge in Atlanta is weighing whether to throw out the evidence in what appears to be the first US prosecution of a traveler over a phone's built-in "duress password" - a privacy feature that erases a device when the wrong code is entered. Samuel Tunick, an Atlanta resident and US citizen, was charged under 18 U.S.C. § 2232(a), which makes it a crime to destroy or damage property to prevent the government from seizing it. The offense carries...

"Buy The Dip" Is Dead: Retail Sells Today's Market Bounce, 2nd Time This Week; Sells Nvidia Two weeks ago we warned that the BTFD trade - that staple of every market dip in the past 3 years - appeared to be fading rapidly, as retail investors were demonstrating "persistent signs of weakness" following the start of the Iran conflict with weekly purchases decelerating by ~30% after defying seasonal patterns and making February their 3rd largest month on record; additionally, that Monday marked the largest retail net-selling day in single stocks in...