This Week's Scoop: US-Iran Tensions, Gold is Flat, and Watch How the Bank of Japan Takes Down the Shorts!
This week's market is basically saying, 'There are pitfalls everywhere, tread carefully.' Let's break it down into three major slices: 1. The US and Iran are at it again, beware of the 'May curse' on US stocks. The situation in the Middle East just won’t quit. Trump was ranting last Friday, saying that Iran can't even get its own house in order, and talks about a ceasefire are impossible. This is making everyone a bit jittery, worried that oil supply could suddenly go sideways, keeping oil prices hanging in the balance. Funny enough, even though things are heating up outside, the US stock market is totally unfazed, riding high on the earnings reports from a few tech giants for five straight weeks. But! Don't get too excited, folks. This year is the midterm election year of 2026, and according to Wall Street's historical data, from May to October in such years, the stock market is likely to take a bit of a dip (the so-called 'Sell in May'). If the situation in the Middle East drags on and impacts the economy, it could blow up into a big mess, leaving the US stocks in a pit.
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