So I Married an Axios Murderer

The market continues to respond with great vigor and react with sensitivity to each and every single Axios report of a U.S./Iran deal (even if it only an alleged extension of the ceasefire), with the Nasdaq and semis ripping higher while oil flounders.

Of course, there was the expected Iranian denial this afternoon.

But the market is still giving every benefit of every doubt to the hope of a "deal," whatever that even means at this point. 

I must admit all of these abrupt headlines (and the fact that the market continues to give 100% deference to them) are exhausting at this point. Laggards of note are JPM CMG V MCD. 

A bright spot for me is the emergence of natural gas, thriving after this morning's weekly inventory report and generally acting more constructively in recent weeks to little fanfare. Crude, meanwhile, is duking it out at the USO ETF's 50-day moving average as we speak.