Stocks down sharply… odd combination… interest rates are easing a little, dollar is getting stronger, oil is dropping… the stocks that are dropping are mostly railroads (Railroads hold large amounts of mineral rights going back 100+ years when the railways where built, funded by land grants from the government)
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Theory: The market is betting that Iran’s going to get a new leader, and trade sanctions will come off Iran, ending trade sanctions – just a theory
Reason seems to be that Russia and the IMF have said they support keeping the US Dollar the benchmark currency