Iran's Dangerous Move Against Trump Triggers Market Panic
In a Nutshell
Iran's parliamentary adviser demands Trump surrender within 20 hours or face attacks sending US allies "back to the stone age," fueling overnight market panic with NASDAQ down over 0.5% and oil futures rising amid no de-escalation signals. Criticism mounts over politicians like Congressman Randy Fine celebrating the eve of potential strikes on Iranian bridges and power plants, with a US deadline at 8:00 p.m. ET. Traders eye shorting NASDAQ via inverse ETF SQQ if selling persists, ahead of key reports like ADP, PPI, and CPI; live streams planned for CPI on April 10th.
These notes were generated by AI and may contain inaccuracies.
NASDAQ market is down over half a percent, extending into the red during overnight hours. The inverse ETF that the LPP team has been watching is up 1.86%. On larger time frames, it is in early stages of possibly ripping up if the NASDAQ breaks support and begins to sell off.
Selling pressure during overnight hours stems from lack of hints of a peace deal or deescalation. An adviser of the Iranian parliament stated: > Trump has 20 hours to surrender or US allies will be sent to the stone age. If Trump, who has about 20 hours to either surrender to Iran or his allies will return to the stone age, we will not back down.
This is Iranian-elected leadership publicly committing to no concession 24 hours before Trump's deadline. Oil futures are already beginning to climb.
Politicians posting > Happy Power Plant and Bridge Eve Day, celebrating the day before attacking a country where civilians can be killed. This is Congressman Randy Fine.
NASDAQ market in the red as more fear injects into the market. US deadline to Iran before attacking bridges and plants is in a few hours, around 8:00 p.m. Eastern time, which coincides with aftermarket hours closing.
This week: ADP employment change tomorrow; PPI report and CPI report later in the week. Plan to live stream CPI report on Friday, April 10th, 1 hour before market opens, for free on this YouTube channel—subscribe to the channel.
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