Back to Basic Economics? Perhaps

Although Trump failed to eradicate Iranian worries and warned of longer involvement in the war, the S&P 500 nonetheless closed at 6,583 on Thursday, registering a powerful weekly peace-rally gain of 3.4% on optimism of a de-escalation down the line in the Middle East conflict. Goldman Sachs reported that traders rapidly unwound their hedges and speculators exited their bearish bets…

A Macro Market View by Hubert Marleau 

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