Bond Macro Warns As Markets Feed On Strong Earnings, For Now…

Markets tend to be myopic, focussing on the latest shiny thing, like a magpie, and recently the latest US earnings season was in focus, with more than 90% of S&P 500 companies having reported results, overall first-quarter earnings jumped 29% from a year earlier; but now that is in the rear view mirror, investors are weighing the likelihood of a near-term deal to end the U.S.-Israeli war with Iran. U.S. Secretary of State Marco Rubio indicatied the United States has seen some progress toward a deal with Iran, but more work is required, while Iran’s foreign ministry spokesperson said the two […]