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The rally has been built on profits—not rising valuations.
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The Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says cnbc.comUS Sees Iran War Oil Supply Disruptions Lasting Through 2027 Bloomberg.comHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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The eclipse on Wednesday is unlikely to lead to the end of the bull market. But could have some impact on investors.
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Iran war live: US fires on ship for defying blockade as Trump claims Hormuz control independent.co.ukThe Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBCHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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Asian Stocks to Slip With US CPI, Iran in Focus: Markets Wrap Bloomberg.comAn inflation report Wednesday should be a big deal for the Fed. Here's what to expect CNBCStock market today: Dow and S&P 500 futures muted ahead of CPI data, Nasdaq rises finance.yahoo.comInflation is expected to cool again in today's July CPI report Business Insider
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David Crowley boosts Democratic establishment with Wisconsin primary win over democratic socialist Francesca Hong CNNAnother Democratic nail-biter in Wisconsin and other takeaways from Tuesday's primaries CNNSeveral states held primary elections Tuesday. Here are some takeaways NPRThe far left hits a wall Politico
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Energy companies in the S&P 500 have put up a 42.5% revenue gain in the second quarter, powering the index's sales performance.
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