Tankers Got Through Hormuz, Oil Dropped From $100, the S&P Rallied 1%, and Nvidia Said It'll Make a Trillion Dollars From AI Chips by 2027 – Market Breakdown #196
S&P rose 1.01% to 6,699, biggest gap-up since Feb 6. Oil fell from $105 to $93.50. Tankers transited Hormuz over weekend. Bessent letting Iranian tankers through. FOMC Wednesday.