Market Correction Risk: Why Summer 2026 Looks Risky

Defiant Zelenskyy Resumes Russian Refinery Drone Strikes A defiant President Volodymyr Zelenskyy told the Financial Times on Thursday morning that Ukrainian forces will resume attacks on Russian refineries. The move certainly seems more political than anything else. Such attacks have been described as one of the drivers behind the global refining crisis, which has collided with Strait of Hormuz disruptions. "The block [on attacking refineries] is out. We're done," Zelenskyy told the FT. He said Kiev had suspended energy strikes for three days at the Trump administration's request. Even before that, the...

Iran Slams Door On Nuclear Talks: No Deal Unless US Meets Its Conditions Via The Cradle There have been no nuclear negotiations taking place between Washington and the Islamic Republic, Reuters reported on Wednesday, citing what it said was an Iranian official.  "No negotiations [have] taken place with the US about Iran's nuclear program… Washington must first meet Tehran's conditions before nuclear talks can start," the source said.  “US recognition of Iran's right to nuclear enrichment is Tehran's ​red line … [Iran] will not show flexibility on [enrichment] in any way,” the source added,...

Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs Refinancing activity in the U.S. housing market plummeted last week as mortgage rates hit their highest level in nine months, new industry data released on May 27 show. Refinancing decreased by 18 percent for the week ending May 22 and is up by 19 percent from the same time a year ago, according to the Mortgage Bankers Association. “Many borrowers understandably backed away from refinancing last week,” Joel Kan, the firm’s vice president and deputy chief economist, said in a statement. The decline...