- Trump's Truth Social post signaled productive talks with Tehran and ruled out US strikes on Iran before the midterm elections.
- Oil, Treasury yields and the US dollar fell as markets unwound the escalation premium.
- The S&P 500 rebounded after lagging on geopolitical concerns. Traders now watch Iran's response to the latest US proposal and the upcoming CPI report.
Quotes
“escalation premium”
“the upcoming US CPI report is a key catalyst”