To The Moon

While the market eagerly anticipates developments in US-China negotiations and tariff issues, Israel has once again stirred the scene. Sensitive geopolitical factors have made oil prices last week’s biggest winner, as prices quickly rebounded above $65 and began to climb toward $80, approaching the median price range that prevailed during the Biden administration. How the Israel-Iran situation unfolds will introduce significant uncertainty for oil prices and other markets, which have so far remained relatively calm.According to JPMorgan, in the worst-case scenario where the Strait of Hormuz is closed, oil prices could surge to $120 per barrel, though this remains relatively unlikely at present. The bank also believes the fair value for US crude is in the $60–$65 range, as persistently high

US Stock MarketThe $S&P 500(.SPX)$ fell 0.8% to 5982 on Tuesday ET. The benchmark index has been in a tight trading range between a closing level of 5976 and 6045 for the past 8 sessions.  There is resistance at the mid-February all-time high of 6147 and support at the recent low of 5800. 88 of the 500 rose led by Jabil that jumped 9% to a record high after the circuit board maker's results topped estimates and it lifted its forward outlook.  $Verve Therapeutics(VERV)$ shares surged after $Eli Lilly(LLY)$ announced that it would acquire the gene-editing startup for about $1.3 billion. $Oracle(ORCL)$ is up m