Despite some escalation in military actions in the past day, markets are still holding out hope that we will see a US-Iran “deal” come forth this week.
The US military conducted what it said was “self defense” strikes against Iran, with Tehran lambasting that as to saying it was a violation to the April ceasefire agreement
If this were to happen a few weeks back, perhaps there would be a negative perception to the situation. But since the weekend, all the focus is about how both sides are working towards sealing a framework agreement. This “deal” or memorandum of understanding what have you, has been “imminent” for a few days now.
So, will today be the day? Markets continue to hold out hope with a more positive showing yesterday. Tech shares continue to surge higher with the S&P 500 and Nasdaq posting record high closes.