Today’s trading session saw a sharp broad-based rally/rotation across U.S. equities triggered by comments from Iranian President, Masoud Pezeskhian, regarding a potential de-escalation of regional conflict, causing the S&P 500 Energy Index to reverse gains and slide as much as 1.2% (led by Occidental (-2.0%) and Chevron (-1.8%). Conversely, the prospect of lower fuel costs and a stabilized macro environment sparked a massive relief rally in high-beta and "fuel-hungry" sectors: Airlines jumped 5…
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