Markets are taking the renewed hostilities in Hormuz in stride so far

At this point, there is no telling how the fight over Hormuz ends. The US and Iran tried talking but that didn't work and now we're faced with the prospect of an endless war. Despite that, markets are taking it in stride, assured that Trump will back down and return to the negotiating table. WTI crude oil is up $2.31 to $73.74. The S&P 500 is down 0.3%. Tre…

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