There is significant pressure building between Iran and the U.S. At this point, nobody truly wins in these situations, and over time we all end up paying the price one way or another, whether through higher oil prices, inflation, market volatility, or broader economic uncertainty.

The bond market and oil prices continue to modestly improve. We’ll take that for now, but markets would likely improve more substantially once an official compromise is reached.

That said, we’ve seen plenty of head fakes over the last few months, so there’s still skepticism around whether anything permanent ultimately materializes. For now, there are ongoing discussions surrounding a potential interim deal, and markets appear cautiously optimistic.

This Memorial Day, we remember and honor the brave men and women who made the ultimate sacrifice for our freedom. Grateful today and every day for those who served and gave everything for this country.

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