Wall Street exploded today with over 1% gains as Israel and Iran, by some strange magic, agreed to a ceasefire! Dow Jones jumped 1.19%, S&P 500 rose 1.11%, and Nasdaq surged 1.43%, approaching record highs. Of course, Israel already broke the ceasefire on day one, but hey, the markets decided that’s enough to start buying like there’s no tomorrow! Meanwhile, investors are partying while the Fed and Jerome Powell send mixed signals about interest rates, with the market now pricing only a 20% chance of a rate cut in July and 70% in September. To make things even crazier, oil prices dropped below $70 a barrel—the lowest since June 10—as investors hope the ceasefire will ease geopolitical tensions. Trump, naturally, couldn’t resist chiming in, comparing US strikes on Iran to Hiroshima and announcing that China can now buy Iranian oil. All in all, chaos in the Middle East and markets alike. So, do you buy this ceasefire or is it just another show for investors? Comment below and tell us what you think about this circus!
