🟦 Stocks closed May at all-time highs. The rally off March lows isn’t luck — it’s a calculated bet that the Strait of Hormuz reopens, oil retreats, and bond yields continue their descent
BREAKING: President Trump’s Situation Room meeting on a possible deal with Iran lasted for 2 hours, but did not end with a final decision on any new deal with Iran, per NYT.
The Trump Administration believes it is “close” to an agreement but there are uncertainties including the unfreezing of Iranian funds.
BREAKING: US oil prices drop below $87/barrel for the first time since April 21st as President Trump says he is making a “final determination” on the Iran deal.