Stocks Surge as US Peace Plan Reported

We have had a significant reversal of sentiment underway overnight and into this morning with hopes of a ceasefire or peace deal in the air. Reports of a 15-point peace proposal from the US have been circulating and President Trump has suggested that Iran has been “talking sense” in negotiations. To date, Iran has denied any talks are happening.

US index futures are up 1.1% to 1.3% on these reports. Overseas, the DAX is up 1.9%, the FTSE is up 1.6%, the Nikkei soared 2.9%, and the Hang Seng gained 1.1%.

Energy prices have been tumbling overnight. US Crude is down 5.4%, trading below $90.00/bbl, while Brent Crude is down 5.9%, trading below $100.00/bbl. Gasoline is down 6.5% trading below $3.00/gallon.

Metals are rallying this morning. Gold is up 4.0%, Silver is up 5.5%, Copper is up 1.7%. A 2.6% gain for Bitcoin suggests “Risk-On” sentiment has returned. Treasury yields are down a bit, but the US Dollar is flat to up slightly against the other majors with the Euro steady and the Loonie down 0.2%. It’s too early to tell if anything will come of this or not, there are three days left in the five day US pause of US threats against Iranian energy facilities.  For now, it looks like a significant relief rally is underway but how long it lasts may depend on whether reports, statements, tweets, or feelings, can be turned into something more concrete.

Share:

Read More:

Terms and Conditions:


This information is for Investment Advisors only. The website is for informational purposes only and is not intended to provide a complete description of SIA Wealth Management’s products or services. Past performance is not indicative of future results. It should not be construed as investment advice or relied upon in making an investment decision. Products and services of SIA Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. The information contained in this Website does not constitute an offer or solicitation by anyone to buy or sell any investment fund or other product, service or information to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot be legally made or to any person to whom it is unlawful to make an offer of solicitation. All products and services are subject to the terms of each and every applicable agreement. It is important to note that not all products, services and information are available in all jurisdictions outside Canada.

SIA Wealth Management Inc. (SIAWM) specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, Advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIA Wealth Management Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.