Menu
Theme
Sign In
Two hours before his latest deadline, President Donald Trump canceled Obliteration Day. He agreed tonight to a two-week ceasefire with Iran. The deal was brokered by Pakistan. Trump confirmed the US had received a 10-point proposal from Iran as a basis for negotiating a permanent peace agreement. Israel separately agreed to suspend its bombing during negotiations.
The market reaction was swift. Crude oil prices tumbled, while S&P 500 and Nasdaq 100 futures climbed. Bond yields edged lower. The dollar weakened, and gold moved higher.
End of free preview
Ed's analysis as news breaks — often the same day. Plus the full QuickTakes archive.
Individual investor? Get Ed's QuickTakes for personal use at yardeniquicktakes.com →