Welcome to Triple Witching… (RED ALERT)

A Retest of 5,500 looks likely...

Market outlook:

• Treasury yields decline with bond traders looking ahead to the busy economic calendar next week

• WTI at $67.85 as oil heads for biggest weekly gain since January; fresh U.S. sanctions on Iran could reduce exports by 1M bpd

• Trump invokes the Defense Production Act for critical minerals to prioritize uranium, copper, potash, and gold on federal lands.

• AI cloud provider CoreWeave sets IPO price range targeting $25B valuation, $10B below expectations as critics question customer concentration and compare to WeWork

• Options worth $4.7 trillion are set to expire in Friday's "triple witching" event as market makers shift from "short gamma" toward neutral positioning

• Consulting giant Accenture (ACN) drops 7.3% as federal spending cuts begin hitting earnings; CEO cites DOGE contract reviews as affecting global revenue

• EU delays retaliatory tariffs on US goods until April 13, postponing 50% whiskey levy that sparked Trump's 200% alcohol tariff threat

• FedEx (FDX) drops 9% after slashing gu…