Latest / MPC Markets Morning Call
Stocks Soar as Investors Gorge on TACO Tuesday
Key Takeaways
Global equities surged: the S&P 500 rose 2.5% to 6,783.48, the Nasdaq 100 jumped 2.9%, the Dow gained 2.8% to 47,910.79 (best day in a year), and the MSCI World Index climbed 3%.
The US-Iran two-week ceasefire — agreed just 90 minutes before Trump’s deadline — triggered a classic “TACO Tuesday” relief rally, though Iran accused the US of violations within hours due to ongoing Israeli strikes in Lebanon.
Oil had its biggest single-session collapse in five years: WTI fell 15% to $96.06 a barrel and Brent fell 13% to around $95, though analysts warn prices are unlikely to return to…
The skinny
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