TACO Tuesday, Eyeing Near-Term Continuation

Apr 7, 2026 • 2 Min Read

Discussed in today's video:

Geopolitics Ease, Risk Assets Respond: We received very constructive news post-market close, with the US and Iran agreeing to a two-week ceasefire. This appears to coincide with the reopening of the Strait of Hormuz, allowing cargo ships and tankers to resume transit through a critical global trade route. Markets reacted quickly, with risk assets rallying as the geopolitical risk premium began to unwind. Crude Collapse Signals Risk Premium Roll-Off: Front-month crude dropped sharply, falling from north of $115 to around $92 before stabilizing below the $100 ...

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