President Trump announced a ceasefire in the war between Israel and Iran. Markets reacted swiftly: stocks rallied, oil plunged, the dollar and gold slipped. But as investors shrug off geopolitical tensions, are they underestimating the risks?

And in today’s Dumb Question of the Week: Can you buy oil?

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Copyright 2023 Many Happy Returns

Fragile Ceasefire: Are Markets Complacent?

Many Happy Returns