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After the Bell: Berkshire Just Walked Away
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AFTER THE BELL
Monday, August 17, 2026
In 1998, Russia defaulted on its own debt while the market kept extending credit to a story it had every reason to doubt. Today's session was a much smaller reminder of the same lesson — geopolitical risk sits quietly for months, then presents the whole invoice at once.
THE SESSION
Stocks finished lower as an expiring US-Iran memorandum pushed oil higher, dragging bond yields up with it. Gold and the dollar told a more complicated story underneath —…
The skinny
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