The K Is Getting Steeper.
The truce between the US and Iran came under severe stress over the weekend with both sides firing on one another and each blaming the other. But there was some geopolitical de-escalation on Monday that pushed stocks higher to start a holiday-shortened week, despite interest rates climbing steeply on the back of ongoing Fed rate hike fears.
There was a flurry of Supreme Court decisions, including upholding the concept of birthright citizenship, confirming the US president as an adjudicated sex offender, opening the door to unconstrained electoral spending by political parties and - more…
The skinny
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