We are seeing huge moves in markets after Trump announced a peace deal with Iran.
The news was confirmed by Israel’s N12, which suggests it’s a broader deal that also includes Lebanon
We are seeing large, immediate moves in markets with the S&P 500 up 1.3%, or just shy of 100 points. The Nasdaq is up 1.8% and the Russell 2000 is up 2.4%. Another big mover is gold, which broke below some key levels yesterday.
It’s back above those today and rising by $90 to $4165, or 2.2%. Silver is up 4%. Treasury yields are down 5-7 bps across the curve as inflation risks fade.