Markets are trading a ceasefire. Brent hasn't noticed.

Buy India equities — Amundi names the end of the Iran war as the specific catalyst; INDA at $46.03 is 2% above its 52-week low, so the rebound trade is being set against a washed-out base.

“Amundi SA's research arm sees scope for a rebound in Indian equities after a steep selloff fueled by high oil prices and persistent foreign outflows”

Buy HDFC Bank — Returning foreign flows typically land first in the large liquid Indian banks, and HDB at $22.28 is 41% below its 52-week high with a 16x forward multiple.

Buy India earnings — The same Amundi rebound thesis weighted toward domestically driven earnings; EPI sits 1% above its 52-week low, the most washed-out expression of the call.

Sell Indian rupee — Bloomberg reports the RBI's strongest intervention since 2013 produced the rupee's best day in six months, while the companion piece warns sustaining the gains is harder with crude and outflows still biting.

Watch 7-10yr Treasuries — Bloomberg flags Indian bonds falling as the rupee defence drained liquidity — a domestic story, not a US rates call, so IEF is a watch rather than a trade.

Buy Frontline — ANZ's freight-rate surge from longer routes is exactly what drives tanker earnings, and FRO at $56.10 sits 1% below its 52-week high on a 10.7x forward multiple.

Buy Scorpio Tankers — Product-tanker rates surge when diesel reroutes, and STNG at $85.14 is 6% below its 52-week high on 13.9x forward after a 3.4% prior-session drop.

Hold Brent oil — Brent above $105 keeps the trend intact, and BNO at $63.99 is 1% below its 52-week high — the pullback is a wobble inside a strong market.

Hold Energy sector — Crude above $105 keeps energy earnings strong even as the headline tone softens; XLE at $65.08 sits 2% below its 52-week high, YTD +42.6%.

Sell US oil — WSJ attributes the pullback to diesel-supply relief, but USO is still 125% above its 52-week low and YTD +114.9% — fading a market this extended is a tactical wobble, not a trend call.

Buy Gold — Bloomberg ties the move directly to oil-led disinflation reviving the Fed pause trade; GLD rose 1.6% in the prior session and still sits 25% below its 52-week high.

Buy Gold miners — Fewer expected hikes plus a firmer gold price is a double tailwind; GDX jumped 2.95% last session and has run 1Y +1248.6%.

Buy Long Treasuries — A Fed hold is the most direct beneficiary trade for duration, and TLT at $77.98 sits just 2% above its 52-week low — the short-duration side is crowded.

Buy HKEX — SCMP's series argues new gold vaulting and trading infrastructure means more volume for the Hong Kong exchange, a structural theme with no near-term numbers.

Sell US dollar — A Fed pause removes support from the dollar, and UUP at $29.02 is pinned at its 52-week high with YTD +7.0% — the crowded side of the trade.

Buy Digital Realty — Heavy private capital chasing data-center capacity supports listed landlord pricing; DLR rose 1.5% last session and is 14% below its 52-week high at 64.7x forward.

Buy Equinix — Same read-through — a $6.6bn private raise validates incumbent demand; EQIX is YTD +34.3% but still 9% below its 52-week high on a 55.4x forward multiple.

Buy Nvidia — Every new data-center hall funded is a future GPU order, and NVDA at 14.4x forward with a 4% prior week still sits 6% below its 52-week high.

Watch Brookfield — Private infrastructure managers compete for the same deals, and BAM at $45.88 is YTD -14.2% and only 9% above its 52-week low — capital is going to the borrower, not the manager.

Buy Corn — Paris corn rose after the USDA trimmed its regional supply outlook, though the US CORN fund fell 2.9% in the prior session — the supply story is lagging the tape.

Hold Agriculture basket — Wheat weakness and corn strength pull the broad basket in opposite directions; DBA at $28.33 sits just 4% below its 52-week high, so the split nets out.

Sell Wheat — Bloomberg attributes the drop directly to truce pricing after Trump's remarks; WEAT is still YTD +22.0% and 14% below its 52-week high, so the unwind has room.

Buy First Solar — Truist's contrarian call lands on a name down 35% YTD at 7.7x forward and 6% above its 52-week low — cheap with a catalyst, though the dek names no rating or target.

Buy Solar sector — A bullish Truist call on a beaten-down solar name implies a sector rebound; TAN is YTD -15.2% and only 3% above its 52-week low.

Watch Enphase — Residential solar is a different demand story from utility-scale FSLR; ENPH at $32.81 is 56% below its 52-week high with a 15x forward multiple and no catalyst named.

Buy Macerich — A contrarian bet on dying malls maps to B/C-mall landlords; MAC is YTD +20.1% but 17% below its 52-week high on a 161.8x forward multiple — turnaround optionality, not value.

Watch Simon Property — The A-mall landlord is the quality read-across for any reverse-view on retail; SPG at $199.40 is YTD +8.4% and 16% below its 52-week high.

Watch Tanger — Outlet centers are the other listed expression of a retail real estate contrarian view; SKT rose 1.4% last session and is YTD +5.9%, 18% below its 52-week high.

Hold UK equities — Financials are a heavy index weight, but EWU at $46.52 is YTD +4.6% and 6% below its 52-week high — the FTSE's overseas earnings cushion it from domestic Budget noise.

Sell Lloyds — UK banks say the non-compete change hurts talent retention; LLOY at 8.5x forward and 1.4x book is already cheap enough that the hit is a sentiment drag, not an earnings one.

Sell Barclays — Barclays is directly exposed to City labour rules; BARC is YTD -8.9% at 6.8x forward and 0.9x book, so the competitiveness argument is already partly in the price.

Sell Sterling — Fears of Budget tax rises keep a risk premium on sterling, and the FT notes no Budget date — the uncertainty itself is the trade.

Watch HSBC — HSBC sits in the same City talent pool banks say the rule change would weaken, though HSBA is YTD +19.4% at 1.9x book — the strongest of the three, so the read is muddier.

Buy Legal & General — A compulsory pooled-care scheme would create a large new asset pool for UK annuity writers; LGEN is YTD +11.0% and 8% below its 52-week high, but 7.6x book limits the upside.

Buy Aviva — Aviva's UK long-term savings and protection business is a natural home for pooled care risk; AV is flat YTD at 2.1x book and 7% below its 52-week high.

Buy Phoenix Group — Phoenix specialises in managing pools of long-dated UK liabilities, the exact plumbing a care scheme would need — but the article offers no cost estimates or implementation detail.

Sell Genting Bhd — The rights issue dilutes holders and the shares posted their worst fall since 1998; the scale of the reaction is the signal on how badly the raise was received.

Sell Genting Malaysia — Parent-level capital stress usually reads through to the listed Malaysian operating arm, the most directly exposed sibling to a group cash call.

Sell Genting Singapore — Investors often sell sister listings first when the parent needs cash, a well-worn playbook for group-level capital raises.

Watch Malaysia equities — Genting is a large index constituent, so its slide is a drag on the country ETF; EWM is YTD -2.8% at 7.4x trailing and 5% above its 52-week low.

Hold High yield credit — A fallen-angel pitch is a proxy for HY risk appetite, but with no spread or yield given HYG at 1% above its 52-week low is a sentiment read, not an actionable level.

Watch Whitbread — Premier Inn is Travelodge's main UK budget-hotel competitor, so a distressed-credit call implies a demand read-across; WTB fell 2.5% over the past week at 12.9x forward.

Watch IHG Hotels — UK hospitality demand trends feed the budget-hotel credit read; IHG is YTD +14.5% and 9% below its 52-week high at 23.7x forward, already priced for strength.