Summary

• The announcement of a tentative US-Iran ceasefire led to the "unwinding of the fear trade".
• The S&P 500 and Nasdaq Composite both enjoyed a strong recovery, finishing green for seven consecutive trading sessions. History suggests this momentum is set to continue.
• The week ahead is dominated by central bank activity, specifically commentary from the RBNZ, employment data impacting the RBA's decision, and the ECB's balancing act on rate hikes.

By Zain Vawda

The trading week was nothing short of a roller coaster, dominated by a dramatic shift in geopolitical sentiment that sent volatility through the energy and metals complexes. For much of the week, the primary

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