Market context
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Iran conflict-driven Hormuz closure spikes oil, fueling inflation (CPI 3.8%) and pushing Treasury yields/mortgage rates to multi-year highs. A September Fed rate hike is possible, favoring financials…
Rising Treasury yields, driven by Middle East tensions, inflation fears, and heavy government borrowing, pressure equities—especially growth stocks—raise borrowing costs, and support the dollar and g…
EURUSD jumped 0.82% intraday while US indices slipped (SPX -0.53%, DJI -0.66%), indicating a notable euro uptick versus the dollar.