A Ceasefire, a Spin-Off, and a Suspicious Tree
The dogs may have found something in the tree, but investors are watching Doha, oil, and Honeywell’s long-awaited HONA debut to see what really moves markets today.
It’s 6:30 AM here in Trinidad, coffee number one is underway, and the dogs have already begun their morning reconnaissance. This is the third time they’ve converged on the same tree, so I’m starting to suspect they’ve discovered a sleeper cell hiding in the branches. Intelligence gathering remains ongoing.
Overnight brought a more constructive tone on the geopolitical front. The United States and Iran have reportedly agreed to pause hostile actions and meet in Doha on Tuesday for talks. Energy markets have responded calmly, with WTI holding around $70 and Brent near $73 a barrel. Meanwhile, Ukraine’s weekend drone campaign continues to leave its mark, with Russian refinery infrastructure still burning from Saturday’s strikes.
In the markets, U.S. futures are pointing higher after Asia closed mostly in the green, while Europe is opening mixed. Honeywell’s long-awaited breakup also reaches its next chapter today, with HONA officially beginning to trade. It’ll be interesting to see whether the market values the business the way many investors expected after the separation.