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War, TSLA Earnings Beat & Cannabis Explosion β€” Markets in Chaos


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This midweek check-in covers five major market-moving stories all hitting at once.

An active US-Iran war has a ceasefire set to expire today β€” talks in Islamabad fell apart after 21 hours, the US has blockaded the Strait of Hormuz, and Trump has warned that if there's no deal, conflict resumes. We break down what this geopolitical pressure means for oil prices, energy stocks, and overall risk sentiment.

Then we scan the major indices β€” SPX, QQQ, IWM, VIX, and Bitcoin β€” for mid-week positioning ahead of one of the biggest earnings slates of the year.

Cannabis stocks just had a monster session after the Trump DOJ pushed forward with reclassifying marijuana from Schedule I to Schedule III. Tilray, Canopy Growth, Aurora, and the MSOS ETF all surged 12–25%. We discuss what the reclassification actually means for these companies' fundamentals and whether the pop has real follow-through.

Tesla reported Q1 2026 earnings after the bell β€” beating EPS estimates with $0.41 adjusted versus a $0.37 consensus, and posting its strongest gross margins in several quarters at 21.1%. We analyze whether this signals a real turn for the company or a favorable comparison effect.

We close with a look at the economic calendar and the upcoming earnings reports from Alphabet, Meta, Microsoft, and Apple β€” and how to position heading into the back half of the week.

⚠️ Disclaimer: This content is for educational purposes only and should not be considered financial advice. Investing involves risk. Always do your own research or consult a licensed professional before making any investment decisions.

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StonkcastBy Brandon Schaar