Stocks flopped this morning after the end of quarter paint job.
The SP was a little more resilient and managed to gain back much of its losses into the close. Tech, not so much.
Gold and silver rallied, and the Dollar backed off to the high 100 handle.
Bitcoin is bouncing along the bottom of its trading range.
VIX fell even as stocks broke lower. There is little fear among the masters of the universe.
BREAKING: The US has offered Iran a new $6 billion bribe from Iran's own frozen funds of $100 billion to relinquish control of the Strait of Hormuz and drop its planned fees, but Iran has directly rejected the offer as it targets $40 billion in annual Hormuz fees and permanent control over the Strait, per WSJ. Iran's chief negotiator Ghalibaf reaffirms the Strait is "under Iran's command, not the US's," with Iran's IRGC warning this morning that any ship not using Iran's approved route and any American interference will face an "immediate and powerful" response.
Have a pleasant weekend.
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