The S&P 500 closed at 6,373 on Friday with more than half of its members in correction territory, tumbling 8.7% from the high of 6,978 registered on January 28, about the time that realpolitik, real tension and real threats between the U.S. and Iran began, soon to turn into a deadly conflict that closed the Strait of Hormuz, preventing 20% of the global supply of oil from reaching scheduled destinations…
A Macro Market View by Hubert Marleau
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