Jun. 15 at 5:09 PM
It seems to be much more orderly than what I expected, and that’s not a bad thing,” said Brian Mulberry, chief market strategist at Zacks Investment Management. “This is not some type of a meme stock right out of the gate, that it actually is people adding it and holding it in their portfolio, not trying to turn it over.”
Trump said late Sunday on social media that a deal with Iran was “now complete.” The memorandum of understanding will be formally signed on Friday in Switzerland, according to Pakistan Prime Minister Shehbaz Sharif. It has already been signed electronically, per a senior administration official.
“It seems real this time as both rates and oil have broken through key levels,” Mulberry said. The development “should alleviate pressure on the FOMC commentary, and that is good news long term for this market.”
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