March 25, 2026

Markets:

Stock futures jumped on Wednesday following a news report that the U.S. has given Iran a plan to bring the conflict to an end, sending crude prices tumbling.

The New York Times reported that the U.S. is said to have sent Iran a peace plan to end the war, citing two unnamed officials. The 15-point plan was delivered by way of Pakistan, the outlet said. To be sure, both sides appear to be very far apart and attacks from both sides have continued. The Wall Street Journal report that the U.S. is deploying the Army’s 82nd Airborne Division to the Middle East.

The peace plan report comes after President Donald Trump earlier Tuesday said that the U.S. is “in negotiations right now” with Iran. He added that Tehran is “talking sense” and suggested it is eager to make a peace deal.

Oil prices fell sharply on Wednesday. West Texas Intermediate futures lost 5% to around $87 per barrel. International Brent also fell 6% to around $94. Treasury yields also tumbled with oil prices and the prospect for peace.

Portfolio:

We head into this strong trading session holding just one setupwith PL after we booked ONDS target yesterday.

As we began highlighting late last week, the signals are lining up — the narrative is shifting, and the change is becoming clearer by the day. Market behavior is starting to confirm what we’ve been watching develop beneath the surface.

Keep this in mind: we believe the next major market move is approaching. The Nasdaq (QQQ) recently pushed close to correction territory before bouncing — a pattern that has historically led to strong forward returns. Since 1980, similar setups have produced an average 1-year return of around 20.2%, reinforcing the idea that this could be the early stages of a larger move.

We are still in a headline-driven environment for now, and volatility tied to geopolitical news remains a factor. However, once this phase settles, the market could transition into a much cleaner runway higher. The broader backdrop points toward a pro-growth environment — with a focus on higher equity markets and lower rates over time — which could eventually lead to a strong momentum phase in equities.

Game plan for today:

Patience at the open and watch price action closely – do we fade the early strength or continue building into momentum?