Markets are always searching for stability, and over the past month, we’ve had anything but that.
Today, however, there are early signs of relief. A reported 15-point peace framework delivered via Pakistan gave markets a reason to pause, while Iran’s indication that “non-hostile” ships may pass through the Strait of Hormuz under certain conditions helped ease immediate supply fears. Reuters
The result, at least for today, is lower oil prices and improving interest rates as inflation pressures begin to soften.
That said, markets are still highly sensitive to headlines. Let’s see what tomorrow brings.
Those in the market to purchase has a distinct opportunity with higher rates comes less competition and with less competition, negotiations have more teeth.
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