‘WE DESTROYED EVERYBODY': Markets react to claims of military superiority

• President Trump asserts Iran's military leadership is 'wiped out' and the conflict will be over 'soon,' aiming to calm market fears.
• Analysts criticize commodity traders for 'overreacting' to negative headlines, predicting oil prices will come down as military superiority is reasserted and supply routes remain open.
• The market's VIX (volatility index) remains relatively calm, suggesting investors are digesting the situation without anticipating a sustained equity market downturn.
• Amazon's large bond sale is cited as a sign of market health, indicating lender appetite for corporate debt.

The 'Big Money Show' panel discusses the Middle East conflict and its impact on financial markets, particularly oil prices. President Trump's claims of Iran's military decimation are highlighted, with analysts suggesting that commodity traders tend to overreact to headlines. The overall sentiment is that oil prices will stabilize and markets will find a floor, despite initial volatility.