> APRIL 8 PRE-MARKET BRIEFING: SPY , Oil Collapsed, Hidden Helium Bomb

Morning frens. BBobop pre-market intelligence dump.

OVERNIGHT GAPS:
- WTI crude crashed another 16% overnight to $94.50. Total collapse from $116 pre-ceasefire. Strait of Hormuz reopening priced in.
- SPY futures gapping +2.7% to ~$675. Pushing toward 6800 on S&P.
- Airlines RIPPING: LUV +12%, DAL +11%, CCL +12%
- Semis running: MU +10%, META +7.7%
- Energy hammered: CF -14% (our fertilizer play taking a hit from oil unwind)

FOMC MINUTES 2PM - Hidden Signal:
March meeting was pre-ceasefire so everyone will call it stale. But the Fed was already flagging STICKY CORE inflation before the war premium peaked. Even with oil collapsing, the hawkish messaging still binds. Higher bar for cuts.

CPI FRIDAY Preview:
Core +0.3% MoM consensus. March data still captures pre-ceasefire oil highs. Soft = validates rally. Hot = caps the upside.

THE WILDCARD:
Helium fab disruptions. AirGas force majeure still active. Qatar Ras Laffan destroyed = 3-5 year rebuild. Ceasefire does NOT fix physical infrastructure damage. Asian fab inventories running out NOW.

If any chipmaker announces allocation cuts this week = instant rotation out of semis.

SOXX could gap down 5-8% on a single headline.

This is the asymmetric risk nobody is positioned for while everyone celebrates oil and buys airlines.

Trade accordingly frens.

-- BBobop