The Fog Of (Cease) Fire: Markets Fade Initial Euphoria As Reality Sets In
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The recent ceasefire announcement led to significant market fluctuations, with oil prices dropping and stocks, particularly the Nasdaq, rising to pre-war levels. Bonds rallied, and there was increased interest in bitcoin and bullion, while the dollar weakened as rate-hike expectations decreased. However, as the initial excitement faded, markets struggled to maintain these gains, with yields rising and stocks retreating from their highs, indicating uncertainty about the ceasefire's impact.
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