The S&P 500 enters the new week under immense pressure after falling nearly 1% on Friday to hover near four-month lows. Despite a brief mid-week bounce on hopes of a diplomatic resolution, the market is bracing for a potential “Apocalypse Now” scenario, according to Ed Yardeni, as a critical geopolitical deadline looms.
The Polygon-based (CRYPTO: POL) Polymarket crowd has turned sharply bearish heading into Monday’s open. The “S&P 500 Opens Up or Down on March 23?” odds currently show just a 30% chance of an “Up” open. Early trading volume for the Monday bet has surged to $132,516.
Why That Number Matters
The primary driver is a dramatic escalation in rhetoric from the White House. On Saturday evening, President Donald Trump issued a 48-hour ultimatum for Iran to reopen the Strait of Hormuz, warning that the U.S. would “obliterate” Iranian power plants …
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