The U.S. and Iran have digitally signed a memorandum of understanding (MoU), with a formal signing ceremony scheduled for the 19th in Switzerland. This historic geopolitical breakthrough instantly ignited risk appetite across global capital markets. As Middle Eastern tensions ease and expectations for the reopening of critical shipping lanes heat up, the Nasdaq Composite surged nearly 800 points, with tech giants collectively hitting all-time highs. Concurrently, cooling inflation expectations have led the market to sharply adjust its bets on the future interest rate path.
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