A.M. Update
S&P futures are up +0.9% this morning, nearly retracing yesterday’s knee-jerk lower. WTI crude oil futures are down -2%, though at $74.38 after testing down to the 200-day overnight. President Trump officially signed the 60-day memorandum of understanding with Iran, which was touted as immediately reopening the Strait of Hormuz while lifting Iran’s naval blockade….
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