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BREAKING: Nasdaq 100 futures extend losses to -2% as Brent crude oil prices surge above $85 for the first time since May 2024.
Nasdaq 100 E-mini futures just extended losses to -1.92% (down ~480 points to 24,545) as Brent crude blasts through $85/barrel — first time above that level since May 2024.
Energy shock + inflation fears = classic risk-off move: tech/growth stocks get hammered while the dollar surges and rate-cut expectations get priced out fast. This is the exact macro rotation the Iran war premium was always going to trigger. Thoughts? 📉🛢️
$NVDAon
{alpha}(560xa9ee28c80f960b889dfbd1902055218cba016f75)
$MSFTon
{alpha}(560x6bfe75d1ad432050ea973c3a3dcd88f02e2444c3)
$AMZNon
{alpha}(560x4553cfe1c09f37f38b12dc509f676964e392f8fc)