4/2/2026
Oil surges and US stock futures fall after Trump offers no clear timeline to end war in Iran
Jake Conley, Breaking Business News Reporter
Updated
2 min read
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I suggested last night that it would be a prefect sociomonic moment if the markets fell, stocks or rose, oil, after his remarks. This speech should have preceeded the Iran attacks not come trying to salvage some support from the American public and the EU.
Now switch to page B 12 of today's WSJ for more on the socio moment.
Stock Market Rally Enters Day Two
No one on Wall St wants to be on the wrong side ofa post war rally.
Stock market climed in advance of Trump speech (how did teh two authors know that?) up 10.2% up .7% blah blah..faith in economic resilience and hedging (show me an average investor ho is hedging) and of course, traders don't want to miss out, FOMO, reading hte tea leaves, the war won't pumel the bull case, oil prices slipped Wdnesday (but not Thursday) widely divergent scenarios, investors scrambling to protect themselves
Okay that was edited but you get therift, the authors are clueless as to what is going on, grasping to link market action with some physical event
Readers of this blog will not be scrambling as we have a method called the Elliott Wave. this alerted us to a short term trend change Friday and an impending short term top which happened even faster than i imagined.
The larger Wave 3 down has begun, see my list of bear funds yesterday and start buying.
Well the hourly chart has already bounced back giving a better bear buy, let's see what happens this afternoon.
dennis.elam@att.net
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