BREAKING: US stock market futures open slightly lower after Iran declares the Strait of Hormuz closed again: 1. S&P 500: -0.1% 2. Nasdaq 100: -0.3% 3. Dow Jones: -0.1% 4. WTI Crude: +3.0% 5. Brent: +2.5% 6. Gold: -0.3% The "Memorandum of Understanding" appears to have come to an end.
Risk-off headlines pressure high-beta crypto. Note: the crowd is already positioned this way — watch for exhaustion/fade.