Iran’s nuclear deal drove WTI to $69.87 (-4.56%), splitting markets: consumer and defensives gained while ORCL -4.62% (10-K capex shock) and storage names bled pre-Micron. All 32 banks cleared the Fed stress test, unlocking $200–300B in buybacks. The 10-year yield fell 9.6 bps with VIX simultaneously -4.41% — disinflation, not recession. Lockheed won a $35B THAAD contract, bringing 24-hour missile defense awards to $43B. Gold -3.21% ($4,016) as Iran war premium unwound. Thursday: Core PCE, GDP Final, durable goods.
MIB Daily: Oil Kills the Inflation Premium (WTI $69.87, 10Y -9.6 bps) — Banks Cleared for $300B Buybacks, Oracle FCF Implodes, Thursday PCE Decides the Disinflation Trade
MIB: February CPI Calm Before Storm, IEA Record Oil Release, Oracle +12% as AI Cloud Demand Holds Firm
Oracle surges 12.2% as OCI results blow past estimates (RPO $553B), proving AI cloud demand is war-proof. IEA triggers largest-ever oil reserve release (400M barrels) but WTI holds above $86 — Hormuz still closed. February CPI tame at +2.4% — calm before the storm as energy shock hits March data. Centene (CNC) -14% as CEO warns ACA enrollment collapses 36%. Airlines down 30% YTD; energy sector +25% YTD. All eyes on Adobe Thursday and UMich Friday.
MIB: Iran Day 11 — False Hormuz Tweet, Oracle AI Blowout, and Tomorrow’s Defining CPI Print
Iran Day 11: US launches “most intense strikes”; Iran attacks all 6 GCC nations. Energy Sec. Wright’s false Hormuz tweet sparked a $30 intraday oil crash — White House retracted in minutes. WTI settled -6.3% at $88.85; S&P seesawed -1.5% to +0.8% before closing -0.21%. Gold hit a new record at $5,211/oz (+2%). Oracle blows out Q3 AMC: Rev +22%, $553B RPO (+325% YoY). February CPI due tomorrow 8:30 AM — market-defining print.
