TRUMP’S IRAN TRUCE TRIGGERS 1,200-POINT SURGE!

GORE MEDIA |THE GORE REPORT| AFTERNOON 

Wednesday, April 8, 2026

THE GORE REPORT AFTERNOON EDITION  

TODAY'S SESSION

• Trump announces a two-week suspension of U.S. attacks on Iran, conditional on Iran fully reopening the Strait of Hormuz — triggering a major relief rally across global markets

• Dow surges +1,200 pts (+2.6%) | S&P 500 +2.4% | Nasdaq +2.8%

• WTI Crude craters -17% to $93.42/bbl | Brent -16% to $91.65 biggest oil plunge in six years

• Airlines & travel lead the day: Delta +12%, United +10%, Southwest +9%; Carnival cruises +10%

• Energy stocks punished — APA -9%, Occidental & Diamondback -7%, Exxon Mobil -5.5%

• Semis join the rally: Micron +7.5%, TSMC +5.5%, ASML +8.8%, Applied Materials +8.6%

WHAT TO WATCH

• PCE inflation data drops Thursday at 8:30 a.m. core PCE was already running at 3.1% YoY in January before the war's full energy impact registered

• Ceasefire durability is the key risk — VP Vance called it a "fragile truce" with unresolved issues around ballistic missiles, sanctions relief, and regional proxies

• Earnings season kicks off next week — Delta's Q1 report today sets the tone; analysts will probe companies hard on energy cost exposure and forward guidance

• Jobs data forecasting has gotten messier — economists missing monthly payroll estimates by an average of 112,000 in 2026, nearly triple last year's margin of error

The Gore Report is produced by Gore Media / Gore29 Inc. for informational purposes only. Not investment advice.

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