Good morning — premarket equities are rising on the ceasefire extension optimism, but underlying risk remains elevated with oil near $90 on Strait of Hormuz concerns and the $VIX around 20, suggesting volatility is still in play; this makes it likely that early gains could struggle to hold after the open, pointing toward a choppy, sideways session, while small caps continue to outperform large caps, offering better momentum opportunities in the current market. $SPY $IWM $QQQ


