TSLA
A little more breathing room
Markets are getting a small dose of calm after the Middle East truce was extended. That’s the kind of headline traders love because it nudges geopolitical risk a little lower, even if it doesn’t exactly solve the world’s problems.
Why the futures are smiling
When the tape gets less scary, futures tend to perk up. Less tension in a volatile region can ease the usual anxiety around energy prices, shipping routes, and the general “uh-oh” premium investors tack onto risk assets.
But don’t get too cozy
There’s still a live earnings landmine sitting on the calendar: Tesla reports later Wednesday. So yes, the market may be sipping tea this morning, but it could still chug an espresso shot and start sprinting by the afternoon.
Big picture
This is one of those classic markets-in-the-morning stories: geopolitical relief helps sentiment, but it rarely changes the plot for long. If the truce holds, that’s good for risk appetite; if not, the market will remember how to be dramatic in a hurry.