Wall Street Roundup: market highs, oil whipsaw, stablecoin momentum
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 27 June 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
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S&P 500 and Nasdaq hit record high on U.S.-China trade deal and largely subdued inflation data
Oil faces biggest weekly drop since March 2023 as geopolitical fears ease; gold falls again
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Brian Stewart seeking Alpha's director of news. |
| 0:15.3 | Welcome back to Wall Street Roundup. |
| 0:17.2 | Great to be here. |
| 0:18.4 | Talk to us. |
| 0:19.4 | How are you thinking about this? Market highs, world devastation. |
| 0:24.8 | What are you, what are you seeing? Oil up, oil down. Oil should be up. Oil should be down. |
| 0:29.9 | Who knows? Talk to us. What are you seen out of the market? What are you, what's most prominent |
| 0:34.4 | in your thought process right now? |
| 0:42.2 | Yeah, I think oil is a great place to start just as taking a temperature of the market. |
| 0:48.6 | Oil spiked in the immediate aftermath of the, however you want to call it, the flare-up of missile fire between Israel and Iran, culminating in the U.S. bombing of Iran nuclear sites. |
| 0:58.3 | Then that quickly became a ceasefire. So it did not spiral out of control as a lot of people |
| 1:05.1 | had feared, which sent oil lower. You can see the whipsaw in a lot of the oil stocks, for instance, the IEO, which is the |
| 1:14.2 | I shares, oil gas, exploration, production, ETF down about 4% in the last five days. But it's basically |
| 1:21.0 | flat year to date. So kind of speaks to the volatility that oil stocks have been seeing. Just looking at some of the bigger names, |
| 1:29.4 | Exxon Mobil down about 5% in the past week. Chevron down about 4%. Haliburton down about 6%. So in the |
| 1:39.2 | most recent new cycle, it's been bearish for oil. Only time will tell. I think an interesting comparison |
| 1:47.7 | to make here is with the tariff trade that occurred earlier this year. This is a kind of a muted |
| 1:53.4 | version of that where the market reacts in one direction as things look like you were pointing |
| 1:59.0 | out like the end of the world and then react the other way very quickly when it's clear that the end of the world is not actually on the table at this point. |
| 2:08.2 | So I think investors have gotten used to the temperature of the current geopolitical situation and the process of the Trump administration. I think they've |
| 2:19.3 | gotten the theatricality of the Trump administration, how everything always seems to be a little |
| 2:26.2 | on edge, a little aggressive. And I think the market is learning to take that in stride. |
... |
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