Michael Reinking, NYSE Senior Market Strategist, recaps a tumultuous week driven by escalating Middle East tensions and rapid swings in geopolitical rhetoric. Record-setting triple witching volume underscored investor uncertainty as the S&P 500 struggled to regain its 200‑day moving average despite sharp intraday reversals. Markets reacted violently to shifting headlines around Iran, the Strait of Hormuz, and evolving U.S. deadlines, fueling both equity whipsaws and extreme moves in oil. Leadership rotated defensively, with energy and materials outperforming while mega‑cap tech and software felt renewed pressure.