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Crude Crashes As Blue-nami Sparks Market Chaos; Bullion, Bitcoin, & Bonds Bid

Crude Crashes As Blue-nami Sparks Market Chaos; Bullion, Bitcoin, & Bonds Bid Tl;dr: One word supports much of today's equity exuberance: "hedged" as the 'priced in' anxiety over a blue wave came to pass and so protection was unwound, slamming vols, and driving up stocks from ugly (data-centers/AI CapEx is dead) overnight lows (though we might add the word "rotation" to today's narrative). Tangential to this, oil priced plummeted as traders interpreted some penance from The White House as meaning a sooner end (less escalation) to the Iran War. That...
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