Today was a stock market index option expiration.
Markets exploded higher on the news that Iran is offering to continue to discuss the cessation of hostilities given the recent ceasefire between Israel and Lebanon, which was one of their key negotiating conditions.
There seems to be some discontinuity between what has been agreed and what is being reported.
But apparently an enormous short position on the price of oil was placed about 20 minutes before this latest development was announced.
Gold and silver rallied and then fell back a bit.
The Dollar slumped and then recovered.
Bitcoin rallied and may have broken out of its trading range, again.
VIX wallowed in a tide of good feelings.
Let's hope that a lasting peace is being slowly cobbled out of this pernicious 'fog of war.'
We'll know more as this continues to unfold.
Have a pleasant weekend.
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