“Is this the real life? Is this just fantasy?” While we were not caught in a landslide today, it does feel that—no matter how much we might like—there is “no escape from reality”. Headline risk continues to rise as the war in the Middle East oscillates between nearly over and nowhere near, depending on who you listen to and when. “Any way the wind blows” struck a familiar tune, with U.S. equities struggling to find true directional conviction—rallying off morning lows on renewed hopes of de‑esc…
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