The S&P 500 has been in a corrective mode after hitting highs near 7200 following the initial ceasefire announcement; Erik took S&P hedges at 7200 and was quickly rewarded, with the market bouncing back just above 7150 early Thursday morning.
factualpending
Speaker
Erik TownsendEvidence Quote
“I double down on my S&P hedge position on the spike to 7200...was quickly rewarded...coming barely above 7150”
Source
MacroVoices #530 Daniel Lacalle: China and The Us Will Decide The Outcome of The Iran War— Macro VoicesCreated: 8/12/2026, 6:10:01 PM
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