"We're going to see some fireworks in the next couple of days."

Summary

Michael Reinking discusses the impact of the approaching ceasefire deadline on markets, which have recently hit all-time highs. He notes President Trump's stance against extending the ceasefire and anticipates significant market movements in the coming days.

• Markets have rallied historically to fresh all-time highs.
• The street was mispositioned, underinvested, and overhedged.
• Ceasefire deadline is on Wednesday evening with fluid negotiations.
• President Trump does not plan to extend the ceasefire.
• Expect 'fireworks' or significant market volatility in the next couple of days.