Squeeze, Stretch… And Subtle Cracks

Markets are pushing higher, but the move is getting uneven. Semis are in panic, oil is still short barrels, and flows keep chasing. Crowded trades… thinner upside.

Stocks rise on hopes of more US/Iran talks - Newsquawk US Market Wrap

US to send Witkoff and Kusher to Islamabad for talks with Iran; Iran FM Araghchi in Islamabad, but Iran denies talks with US are scheduled; Pakistan push for US/Iran talks after bilateral discussions; More reports about Ghalibaf retiring, ultimately denied; Stellar INTC report, guidance & commentary; US Attorney Pirro confirms dropping of the criminal probe into Fed Chair Powell; UoM falls but beats expectations.

Zerohedge store image