I hope the Middle East war ends soon...
Breakfast
The conflict between the U.S. and Iran continues to escalate, leading to a rise in oil prices and a significant drop in U.S. stocks, with all three major indices falling over 1.5%. Adobe plummeted 7% after its earnings report, and the CEO will resign; precious metals retreated, with gold and silver down 2%, as the surge in oil prices dampens expectations for interest rate cuts. Traders are currently pricing in a reduction of less than 25 basis points by 2026
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