The Iran issue has been dragging on, causing oil prices to stay high. Inflation has also led to serious problems in global bond markets. This is a very serious issue, and it must be addressed in the short term. The Strait of Hormuz must remain open and unobstructed. This visit to China also reached an agreement with China. The next factor affecting market direction is the news front—either a peaceful resolution or war. There’s no more time.

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