Cadi Poon
04-07
1. U.S. Market Summary: Stocks Snap 5-Week Slide as Oil Surges to $112
Relief rally: Major U.S. indexes gained 3–4% last week, snapping a five-week losing streak.

Resurgent oil: U.S. crude climbed to ~$112/barrel Friday—highest since mid-2022—amid escalating Strait of Hormuz tensions.

Golden rebound: $Gold - main 2606(GCmain)$ recovered March losses, rising nearly 4% to trade around $4,700 on last friday.

US-Iran Conflict | Would Hormuz Blockade Escalate Oil to $120?
After a 21-hour marathon negotiation, the U.S. and Iran moved from “disagreement” straight to a complete breakdown. President Trump announced a U.S.-led blockade of the Strait of Hormuz, a move that has shattered all of the market’s pricing assumptions over the past week. If the U.S. blockade holds through April, will the Fed be forced into a "Hawkish Pivot" that resets Nasdaq valuations? In the clash between Trump’s "Execution Strategy" and Iran’s "Time-Wasting Strategy," who blinks first before the $120 threshold?
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