There was a report from Iranian media two days ago that a ceasefire was hours away and that turned out to be not true. Note that this one is from Haaretz, which is a daily Israeli newspaper. It says that the Israeli army is preparing to halt combat operations between 7 pm and midnight local time. It’s currently 4:30 pm in Tel Aviv.
This is obviously good news for peace negotiations in Iran and the region.
Pete Hegseth had some tough talk today but the political signs continue to point towards some kind of deal. However the risk-reward here isn’t great as I’d estimate at deal is 95% priced in with stocks at a record high and the Nasdaq on an 11-day winning streak.
