Largest Strikes Yet - Markets Brace as Iran Conflict Deepens
Futures down over 1% across the board. Oil holds elevated.
TL;DR
The US-Israel operation against Iran enters day three with Washington promising its largest strikes yet. Futures are off over 1% across the board, oil is holding near last week's spike highs, and gold is bid above $5,330. The system had Energy as its top allocation and Nasdaq off before any of this started.
Market Pulse
Futures as of 7:30 AM ET
- Dow futures: 48,458 (-542 pts, -1.11%)
- S&P 500 futures: 6,806.50 (-82.50 pts, -1.20%)
- Nasdaq 100 futures: 24,614.50 (-390 pts, -1.56%)
Third consecutive morning of war-related selling. The US-Israeli military campaign against Iran is escalating, not winding down. The White House signaled the largest strikes yet coming today - over 500 targets hit across Iran since February 28, Khamenei confirmed dead Monday.
Oil is the barometer. WTI crude sits near $72/barrel after last weeks $120/barrel scenario isnt rotate in response to the news - it was here before the first strike.
The THOR View
The conflict didnt been crossed yet.
Follow the signal, not the noise.
Signal Watch
THOR Index Rotation (as of 3/2/26)
Index | Weight | Signal | Status |
|---|---|---|---|
Dow (DIA) | 49.22% | Risk-On | 🟢 |
S&P 500 (SPY) | 48.27% | Risk-On | 🟢 |
Nasdaq 100 (QQQ) | 0.51% | Risk-Off | 🔴 |
Cash + T-Bills (BIL) | 1.98% | - | - |
THOR Low Volatility Index (as of 3/2/26)
Sector | Weight | Signal | Status |
|---|---|---|---|
Energy | 15.45% | Risk-On | 🟢 |
Materials | 15.33% | Risk-On | 🟢 |
Industrials | 14.74% | Risk-On | 🟢 |
Consumer Staples | 14.12% | Risk-On | 🟢 |
Utilities | 13.10% | Risk-On | 🟢 |
Healthcare | 12.80% | Risk-On | 🟢 |
Consumer Disc | 12.69% | Risk-On | 🟢 |
Technology | 0.43% | Risk-Off | 🔴 |
Real Estate | 0.34% | Risk-Off | 🔴 |
Financials | 0.34% | Risk-Off | 🔴 |
Cash (BIL) | 0.85% | - | - |
One Thing to Watch
The Strait of Hormuz. Over 20% of global oil and a third of the worlds oil spike was the preview. Watch the shipping lanes - not the headline body counts.
Brad Roth
CIO, THOR Financial Technologies
This content reflects the opinions, analyses, and research of THOR Financial Technologies as of the date published. It is provided for informational and educational purposes only and does not constitute investment advice and should not be relied upon as the basis for any investment decision. Past performance doesn't guarantee future results, and all investments involve risk. For more information, please go to: thorft.com
Recommended for you
View allcaret-rightQuick Links
Subscribe
Archive
Subscription
Signup
Reset Password
Update Password
Socials
© 2026 The Signal.Report abusePrivacy policyTerms of usebeehiivPowered by beehiivGet The Signal Every Morning
Brad Roth's daily market brief — systematic signals, ETF positioning, and what the data is actually showing. Free to subscribe.
Subscribe on Beehiiv