New video from Don: You buying these headlines?

Peace sells. 

The market has bought it six times in the last three weeks.

Today Iran's foreign minister headed to Pakistan for talks about a potential second round of negotiations with the U.S. The S&P popped and closed at an all-time high. 

Same thing happened last week. And the week before. Every ceasefire headline, every peace tweet, every rumor of a deal gets bought immediately. At some point that stops being a signal and starts being a habit.

Oil is still above $94. The Strait is still closed. Consumer sentiment came out this morning and the market did not even flinch. 

The AI trade is overcoming everything right now. That is not a complaint. That is a warning. Positive feedback loops are great until they are not. 

Call buyers rush in, market makers buy stock to hedge, the market goes higher, more call buyers pile in. I have seen this movie before.

In the video I walk through my full read on where this market actually stands, what $94 oil means for the Fed, and exactly how I am positioning for next week.

Watch the Weekend Update

To your success,

Don Kaufman