Edition 343: 3 things investors need to know from last week!
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Goldman: Markets Still Processing Iran Conflict - David Solomon, CEO of Goldman Sachs, said markets may need “a couple of weeks” to fully digest the economic implications of the escalating Iran conflict. Despite rising oil prices and inflation concerns, the S&P 500 has fallen less than 1% this week, a reaction Solomon described as surprisingly “benign,” citing strong U.S. macroeconomic tailwinds as a stabilizing force.
Source: Reuters
Defense Contractors Scramble to Drop Anthropic AI - Defense contractors like Lockheed Martin are expected to comply with the Trump administration’s ban on Anthropic, even though the legal authority is uncertain. Contractors risk losing Pentagon contracts if they ignore the order, prompting rapid removal of Anthropic AI from supply chains while the company plans a court challenge.
Source: Reuters
Oil Shock Pushes Mortgage Rates Higher - Mortgage rates climbed back above 6% after US-Israeli strikes on Iran drove oil prices higher and lifted Treasury yields on renewed inflation concerns. The average 30-year rate rose to 6.12%, reversing recent declines, though past geopolitical conflicts suggest the spike could prove temporary after initial volatility.
Source: Yahoo Finance
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