Markets Surge as Trump Eyes War Exit

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🚨 BREAKING: Oil Falls, Stocks Gain on Report Trump Mulling War Exit

Futures contracts for the S&P 500 are a great gauge of risk appetite to monitor today. They’re up almost a full percentage point in Asian trading, after the underlying index has fallen almost 10% from a peak earlier this year.

That’s a clear signal investors are again placing belief in the TACO trade — and that Trump wants to avoid a prolonged conflict

Dollar Index Surges

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💵 The dollar index (DXY), which measures the greenback against a basket of major currencies, was last up 0.43% to $100.58 and remains up about 2.3% for the year to date.

Over the past week, the index rose 0.72%, with the U.S. dollar underpinned by safe-haven demand as escalating tensions between the U.S., Israel, and Iran, along with fading hopes for de-escalation, boosted demand for defensive assets.