KY

The consistent weakness of the market is its short time scale, the result of a majority of participants in the market, including most professionals, taking a short-term speculative view.

@stevehou iPhone looks way better tbh

iPhone on wheels

@TXMCtrades That's part of the deal to be sign in the next 5 minutes

Ceasefire going great

@SPYATH @zerohedge That's the point

@here_tolearn @zerohedge Bro it’s down 9%

Loud explosions heard in Bandar Abbas city near Strait of Hormuz, cause unknown: SkyNews Arabia

@adamtaggart They don't deserve your second thought Adam 😉

Here's a nice example of the pleasant people I've been dealing with all day

Well, I'm flummoxed again I made the following comment: "take today's conditions and then plunge the country into a recession plus a prolonged bear market & things can get MUCH worse" And half of X is losing its mind I would think this comment is akin to noting that "water is wet". But I guess...not for some. Note: I'm in no way denying that many Americans are struggling hard right now. I talk about the injuries and dangers of our K-shaped economy on my show every week. I'm just saying -- and ONLY saying -- that however bad you may think the economy is right now, things will get even worse should a real recession arrive And for some reason, some folks find that highly objectionable. Like I said...I'm flummoxed.

@unusual_whales With this situation and current Brent Crude Oil 🛢️ price move, should we not be loading the truck?

Commercial oil inventories are falling rapidly and are expected to continue declining in the coming weeks, according to IEA chief Fatih Birol.

@jatony57 @KobeissiLetter I meant globally

@here_tolearn @KobeissiLetter Perspective helps. Biden drained the SPR to buy votes.

BREAKING: The US and Iran are closing in on a deal that would extend their ceasefire by 60 days and lay the framework for discussions on Iran's nuclear program, mediators say. Details include: 1. This would include a "gradual reopening" of the Strait of Hormuz 2. It would also include a commitment to discussing the "diluting or handing over" of Iran's highly enrich uranium 3. The US would ease its blockade of the Strait of Hormuz and agree to sanctions relief 4. The US would also begin a phased unfreezing of Iran's assets Both sides are nearing a "memorandum of understanding" to extend a ceasefire.

@FT Let's keep draining the oil 🛢️ inventory down everyone 😎

US and Iran close to extending ceasefire by 60 days, say mediators ft.trib.al/yH9DGHm

@financialjuice Very far = Very close 😐

Iranian foreign ministry spokesperson: we are very far and yet very close to agreement, but US officials keep shifting positions - Iran state TV

@chigrl Have they got alternative route though 🙄

Gulf States Tell Ships Not to Use Iran’s Strait of Hormuz Route Five Middle Eastern countries have formally rejected Iran’s establishment of the Persian Gulf Strait Authority to control transit through the Strait of Hormuz. In a letter to a global shipping watchdog, Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates said commercial and merchant vessels shouldn’t engage with the PGSA or cross the waterway using a route designated by Iran. The letter was issued earlier this week and distributed by the International Maritime Organization. “Iran’s purported route should be seen for what it is, an attempt to control traffic through the Strait by forcing vessels to use a route within its territorial waters, which can be exploited for monetary gain through the imposition of toll fees,” the letter said. “Any understanding or recognition of Iran’s proposed route and PGSA as an alternative would set a dangerous precedent.” (Bloomberg)

@pineconemacro 👀

🎯

@Rory_Johnston @alykhansatchu Maybe the trading bots are broken after so many false alarm 🤣

**IRAN FOREIGN MINISTRY SAYS DEAL NOT CLOSE **IRAN FOREIGN MINISTRY SAYS NO IMMINENT AGREEMENT Saw these headlines, went to see how oil market was reacting, and, of course, crude was crashing.

@market_sleuth Wall Street is celebrating 😅

@XBTChris @tleilax___ @CRUDEOIL231 @Kayrros Aha... Cheers! 👍

@here_tolearn @tleilax___ @CRUDEOIL231 @Kayrros x.com/financialjuice…

I estimate at least for crude about 2.8 billions barrels of linefill and tank bottoms. This is from known pipeline infrastructure and measurable inventories. That inventory is unavailable for commerce and can't be drawn. This is from GEM data and @Kayrros

@stevehou @citrini Any timeframe?

I don’t know who needs to hear this but I don’t think the 10y is going to 5. I made a side bet with @citrini for $20. He’s going down on this imo.

@LizAnnSonders and we are approaching 3 months of SoH blockade🛢️ A time bomb is ticking away while most are unaware/ doesn't care 💣

Total crude inventories (including Strategic Petroleum Reserve) shed 17.8 million barrels last week, largest drop on record

@LiveSquawk At the mean time, please carry on burning away those limited supply oil🛢️

A New Round Of Negotiations Will Be Held In Islamabad After The Hajj Season

@Barchart All those spike lows were accompanied by 5-20% SPX drawdown in the following weeks.

Hedging Downside Risk is nearly at its cheapest level in more than 20 years 🚨🚨