The Weekly Look at the Global Economy and Markets

From mohamedelerian.substack.com

Throughout the week, markets responded positively to the US-Iran memorandum of understanding coming together, meaningfully pushing oil prices down and risk assets up, including a series of record highs for stocks. Whether this continues next week will be tested, among other things (please see publication link below), by Saturday’s statement from Iran that it is closing the Strait of Hormuz in response to continued Israeli attacks on Lebanon and counter-threats from President Trump. Having said that, neither has totally derailed, at least as yet, the ongoing negotiations—albeit tentative ones—in Switzerland, ... (full story)