Latest / MPC Markets Morning Call
US/Israel Talk Peace, but send Missiles
Tuesday’s session was defined by a single question: is Trump negotiating or escalating? His claim that Iran gave a “present” tied to Hormuz flows briefly ignited risk appetite, but the simultaneous Pentagon deployment of 2,000 82nd Airborne troops told a different story. The S&P 500 ended down just 0.4% — a small loss that understates the intraday violence. Oil bounced 4.3% as the Strait of Hormuz remained closed, wiping out just a fraction of Monday’s 11% collapse. Complicating the picture further, the $1.8 trillion private credit market is showing cracks: Apollo and Ares have both gated…
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