Back In The Driving Seat.
Alive and well, the US/Iran war, which we were told would last about four weeks, entered its 100th day over the weekend despite weeks of multiple fake reports of its demise and a Trump declaration back on April 17th that the Strait of Hormuz had re-opened (still waiting for that one). The odds of a swift resolution lengthened further as Iran and Israel exchanged fire on Sunday for the first time since early April and oil prices predictably spiked in response.
Traders in Asia picked up where their Wall Street brethren had left off the previous Friday by furiously offloading tech stocks on…
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