US stocks take a bath at the open

RKLB jumps 5.8% on ceasefire news, but remains volatile & down YTD. Valuation is 27% off highs.

ING shifted its yuan outlook into a bullish scenario, forecasting USD/CNY at 6.70–7.05 as the currency outperforms on strong exports, supportive policy signals and easing geopolitical risks, though gains may moderate if broader FX rebounds.

Rivian (RIVN) offers low P/S & AI bets; Tesla (TSLA) trades high but eyes robotaxi dominance. Buy low?

Oil plunges 17% on ceasefire talks; GIII, DKNG, MATW, PVH, COLM jump on consumer relief.

SOFI fell 10.6% on geopolitical fears & short report. Watch Q1 earnings for valuation clues.

CHRW jumps 3% on Strait of Hormuz reopening; WTI crude drops, boosting logistics margins.

Goldman Sachs says oil supply shocks typically push rates higher in the short term as inflation rises, but lead to lower policy rates within 6–9 months as growth weakens, challenging current market pricing for sustained tightening.