$BTC
🚨 Peace talks appear to have come to a screeching halt 🚨
JD Vance just announced that the US delegation is leaving Pakistan with no deal. And, Iranian media is reporting that Iran does not have plans for further talks with the US.
So, what does this mean going forward?
Currently, all indications point to a sharp move higher in oil prices and a drop in stocks.
The Nasdaq 100 was up over +5% on expectations of a peace deal this weekend, and the outcome of talks was arguably the worst case scenario
That said, we still have a lot of time ahead of us before futures open at 6 PM ET on Sunday.
As we saw countless times during the 2025 trade war and other geopolitical conflicts involving President Trump, he tends to release major statements on Sunday.
The question now becomes which route President Trump chooses to take.
Will Trump push harder for a deal and reassure markets or will he ramp up military operations in Iran?
Regardless, we believe the market will continue to "discount" this conflict as the potential for talks to resume or advance at any given time is material.
It's going to be an eventful 24 hours 📢
