For maximum bullish effect, this peace deal (TACO, Strait of Hormuz fully open!) should have been announced one to two hours before futures open, ideally right at the 6 p.m. ET Globex open. Since it was announced on Saturday instead, futures are likely to open flat. And we still don't know how a deeply red Asian session will feed through into US equity futures (most Asian indices should be sharply lower after "US Treasury intervenes to support yen after Japan steps in, FT reports"). Asian futures on this news were around -2% to -3% for Japan/HongKong and -6% for KOSPI.
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