Cadi Poon
05-07
The U.S. and Iran are reportedly close to signing a memorandum to end the war, with Trump saying the chances of a deal are “very high.”

Brent crude fell -7.83% in a single day to $101, while WTI dropped -7.03% to $95.
The inflation narrative is starting to loosen, the U.S. dollar index fell -0.43%, and risk assets benefited.

S&P and Nasdaq Keep Hitting New Highs: Time to Watch Out for Risks?
In the previous trading session, both the S&P 500 and the Nasdaq Composite reached intraday and closing all-time highs. Despite ongoing Middle East conflicts and oil prices remaining elevated — fueling investors’ inflation concerns — U.S. equities continued to climb. Looking ahead, investor Peter Mallouk believes chip stocks still have room to run. The current bull market is being supported by a handful of strong performers. Some warn that risks are rising, while others argue crowded trades could keep pushing higher. What’s your take?
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