According to The Kobeissi Letter, S&P 500 futures fell nearly 50 points following a verbal altercation between President Trump and President Zelenskyy, leading the market to anticipate the pricing-out of a peace deal. This development is crucial for traders as it reflects heightened geopolitical risks that are directly influencing market sentiment and volatility.

According to The Kobeissi Letter, S&P 500 futures dropped nearly 50 points due to a verbal altercation between President Trump and President Zelenskyy, indicating the market's reaction to diminishing prospects of a peace deal.