The View from 5th Avenue – 17 June 2025

Pressure on US equity markets persisted today as the latest conflagration in the Middle East continued into a fifth day, though the dynamic between Israel and Iran didn’t really shift dramatically. Investors waited as The White House debated its next move (whether to lend its B2 bombers and Massive Ordnance Penetrator or pursue a resolution to the conflict), but it seemed like President Trump leaned towards the latter. A semi -safe haven trade emerged as the DXY (+0.8%) and Brent (+4.8%) ralli…

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