for those that just saw oil spike and the SPY dip hard, it was because of false news of an attack...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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False news of an attack on Iran caused a sharp spike in WTIOIL-USDC (CLUSD), which rose 8.70% to a price of 97.211. Simultaneously, the SPY experienced a significant "dip" in after-hours trading. This price action highlights the market's high sensitivity and volatility regarding potential US military escalations.
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