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Literally nothing happened today after Trump moved his deadline (again) for destroying Iran's bridges and power grid to tomorrow at 8 PM ET, which he claims won't be moved again, unless the straits are opened and rainbow and unicorns spring forth from the supreme leader's butt (fill in whatever impossible goals you want to here).
Given that prices barely even moved, I'm not going to waste my time describing how paint dried.
If you believe in tooth fairy and the Easter bunny, you want to buy lots of S&P futures for the meltup that will occur after a "deal" is done tomorrow. If you don't believe in those things, then I would prepare for downside acceleration in all asset prices along with additional upside in oil and the dollar, as Iran will no doubt lash out against Saudi and other Gulf nations' oil & gas infrastructure in retaliation, which will increase both energy prices and the length of time that they will remain high.
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Disclaimer: Lance
Lewis periodically publishes columns expressing his personal views
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