Thursday, July 09, 2026: Iran ceasefire blown up — Trump orders new strikes, oil rips, stocks tank. The risk-off trade is back with a vengeance.

Geopolitics: Trump says the US-Iran truce is over and threatens to hit hard. Tit-for-tat attacks spread across the Mideast. The interim deal that calmed markets? Dead. This escalates fast. Tech/AI: BofA says NVIDIA is too cheap vs. chip peers. Cramer’s blessing again — but NVDA barely moves. French probe wrapping up could remove an overhang, but macro fears are drowning the signal. Commodities: Crude surging, Kalshi bettors pricing in higher-for-longer gas. Energy trades like a geopolitical hedge now. Not great for the soft-landing crowd. So what? This week killed the de-escalation narrative. Geopolitical risk premium is back, oil is the tell, and even cheap NVDA can’t fight the tape. Buckle up.

Geopolitics: Trump says the US-Iran truce is over and threatens to hit hard. Tit-for-tat attacks spread across the Mideast. The interim deal that calmed markets? Dead. This escalates fast.