March 2, 2026

Markets:

Stock futures tumbled on Monday after the U.S. and Israel attacked Iran over the weekend, causing oil prices to surge and adding an unstable Middle East to a list of growing worries for equity investors.

Gold futures jumped nearly 3% as investors piled into the global safe-haven asset. The CBOE Volatility Index, Wall Street’s fear gauge based on option prices used to hedge against losses, jumped to the highest levels of 2026 so far.

The joint U.S.-Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei over the weekend, marking a watershed moment for the Islamic Republic and one of its most consequential episodes since 1979. President Donald Trump told CNBC’s Joe Kernen that U.S. military operations in Iran are “ahead of schedule,” but investors are worried about a prolonged conflict despite those comments.

Iranian officials have vowed a forceful retaliation, raising fears the conflict could spread across the region.

U.S. crude prices jumped almost 8% as investors worried the confrontation could spiral into a broader war that disrupts supplies. Iran is the fourth-largest oil producer in OPEC.

Portfolio:

We enter todays session – the first of the month and the new week – holding setups in TALK, AXTI, ONDS, FCX, and TGB.
We've been rage bound for months and maybe, just maybe…. this weekend was a clearing event needed to break this range!  NO one likes war but the markets historic reaction has always been positive after the initial opening of the markets once there's been a conflict.  Let's see how this plays out but as a trader and an investor you must see the opportunity in front of you.

Gold futures officially rise above $5,400/oz amid the war between the US/Israel and Iran.

European natural gas prices surge over +50% as Qatar halts production at the largest LNG plant in the world following drone attacks.

Buy the dip kind of day?   Lets see but welcome this opportunity!