Goldman trader warns vs S&P 500 rally after cease‑fire
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- U.S.-Iran cease-fire triggered a spectacular rally for stocks and a drop in oil prices.
- Goldman senior trader cautioned that chasing the S&P 500 higher at current levels is not advisable.
- Deal: No lasting agreement has been reached despite the cease-fire.
- Stranded vessels: An estimated 800+ ships remain trapped in the Persian Gulf.
- Strait of Hormuz: Market focus shifts to traffic in this largely blocked waterway.
Why it matters: Investors riding the stock surge risk overpaying as the rally is tied to a fragile cease‑fire, while oil traders see price declines. The 800+ trapped vessels keep freight rates volatile, and the lack of a lasting deal leaves geopolitical risk unresolved, limiting upside for equities.
