So, Iran, that’s still happening. Even as US equity indexes continue to march to new all-time highs, the Middle East conflict continues in the background, flaring randomly and creating tape havoc. Investors were busy working through the multiple earning reports and indexes were trading relatively unchanged, when a fresh headline about Iran’s parliamentary leader resigning (Ghalibaf), sent stocks lower (S&P 500 dropped 1.2% on that). Indexes did rally off those intraday lows but closed down 41bp…
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