Stocks had the wobbles today as Iran is trolling the Don and making it clear that an easy deal on Hormuz is no longer within his grasp.
The Dollar chopped around and finished unchanged.
Bitcoin (BTC.X) gave up a bit.
Gold and silver were off.
VIX got over some of its jitters from yesterday.
Oil crept up a bit. At some point I suspect it is going to become quite energetic to the upside.
Let's see how the geopolitical situation progresses. Yeah we have some economic data like CPI and PPI coming out, but the big story moving the markets is oil and its enterprise wide impact.
Nvidia (NVDA) announced a huge debt sale of $500 billion to raise the money for their vendor financing arrangements.
I don't want to sound snippy but this is 1999 all over again.
Vendor financing can be legit. But it also start looking like a Ponzi scheme.
Have a pleasant evening.
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