Macro Strategy Insights

Private Credit, The Fed, and Iran

Iran seems to boil down to this: Progress made fighting Iran, including killing leaders, should diminish their fighting capabilities over time. Most ships are still refusing to transit the Strait, keeping upward pressure on oil prices. Enough attacks from Iran are getting through to also put upward pressure on oil. From a reaction standpoint: Europe and Asia remain most affected. Their equity markets could see more downside within the week, but have the most upside on any resolution. The Fed – All About the Messaging On jobs, there were some at the last meeting who indicated maybe the job market ... Private Credit, The Fed, and Iran

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