The Market Has Moved On From the War
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Does Iran want war? Judging by the symbolic attack on American bases in Qatar, Tehran does not appear eager to enter into an armed conflict with Washington — which it would lose anyway. The fact that no U.S. military personnel were harmed, combined with Donald Trump's statement about a ceasefire in the Middle East and dovish comments from FOMC officials, propelled the S&P 500 upward.The main catalyst for the broad index rally was the plunge in oil prices. Historically, sharp
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