1. Rumors of a draft U.S.-Iran deal caused crude oil prices to drop over $2 per barrel, pushed down U.S. Treasury yields, and prompted a stock market rally.
2. Fed official Barkin stated that current monetary policy is in a good position to respond to economic shocks, with long-term inflation expectations remaining contained.
3. The AI sector is heating up with a rally in optics stocks like Lumentum and conflicting reports on the revenue competition between Anthropic and OpenAI.
Iran Deal Rumors Rattle Markets, Fed Signals Patience, AI Race Intensifies
