Iran Trump just put a 20% toll on the world's most important shipping lane. That is not a negotiating tactic. That is a new cost of doing business. Brent crude hit $83. The blockade restarts tomorrow at 4 PM. Markets priced a July Fed hike at 50% for the first time. Iran's new supreme leader has not been seen in public since his father's funeral ended. And tomorrow CPI, four bank earnings, and Warsh's testimony all land before noon.
Markets The President rang the stock market's opening bell from the Oval Office today. That sentence used to be impossible. Trump Accounts launched, Russia-Ukraine entered a new phase over the holiday weekend, OpenAI wants the government to own a piece of it, and Anthropic just signed a $19 billion power deal. The holiday is over. The week is not waiting.
