WARNING: Iran Negotiations Fall Apart Again
In a Nutshell
Markets are rallying on false hopes of a US-Iran deal that Iran denies, while oil recovers on stalled talks and rising conflict risk. Dell surged 16% after Trump’s endorsement and is targeting $300, while quantum stocks pulled back 10% from overbought highs despite $2B in government funding. Markets close Monday for Memorial Day, with a 50% off LPP 3.0 sale running through the weekend.
These notes were generated by AI and may contain inaccuracies.
Markets are trading higher based on the assumption of final talks or final drafts of an Iran deal, as announced by the US yesterday. This news has been used to prop up markets for the past two to three days. An Iranian source has stated that the final draft of the US-Iran agreement is false. The talks are in permanent deadlock due to US insistence on nuclear negotiations. Iran has no desire to continue negotiations and the conflict could start at any moment.
Trump has been focusing on peace deals for the past eight weeks, continuing to announce peace talks, but nothing has actually happened. Markets continue to push higher based on this news. When peace deals or final drafts are announced, oil drops. When it's confirmed that there is no signed deal, oil recovers.
President Trump announced he's sending 5,000 troops to Poland. The US opened higher as the S&P 500 heads to its longest weekly winning streak in the past three years. Market sentiment is bullish. Pakistan eyes breakthrough in US-Iran talks stalled over uranium.
Dell is one of the best performing stocks today, up 16.1% on the day. Dell is testing previous highs of nearly 295 and appears to be heading toward $300 per share. Dell has been on a run, up over 100% since its lows of $115 per share. Dell gained another leg up shortly after Trump announced that he loves Dell, loves the people that run Dell, and thinks people should go and buy Dell as a great American company.
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