Iran Relaxes Restrictions on Hormuz Strait

We've Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal could just as well have been written a couple of weeks ago. Axios...

Spotting Market Bubbles: Why History Says It's Nearly Impossible Authored by Lance Roberts via RealInvestmentAdvice.com, If you knew you were standing inside a stock market bubble, you wouldn’t be standing in it for long. You’d sell. So would I, and so would everyone reading this. And if spotting market bubbles was something everyone could do in real time, the bubble couldn’t form in the first place. That paradox is why spotting market bubbles is one of the hardest jobs in finance, and why bubbles look painfully obvious only after the fact. Market...