People need to get off the happy path stuff and understand what is going on

As we all know, the market euphoria and BS positioning of statements, which are often inaccurate, drive the market sentiment - nothing new here, but no Middle East deal done yet and even thought statements made about Strait being open, and oil prices dropping 10% on Friday, they are Still 34% higher YTD! Oil Tanker corporates are assessing situation to understand if it’s safe - so the volumes continue to be far lower - this will have impact.

Meanwhile S&P has reached record levels!

People need to stop being so giddy about all this, long way to go yet and plenty of ups and downs. Ceasefires are fragile by nature and easily broken or misunderstood- market will get shorted again soon