(as of 7:30 PST)
A deal between Iran and the
major economic powers of the world has created a buzz in the investment world
today. There is a question about the
reception that the deal will receive by both Democrats and Republicans in
Congress, but, at least for now the, story is creating activities on several
investment fronts. Oil is falling
heavily since a deal would release more Iranian oil into the marketplace. Gold is falling moderately since the deal seems
to represent a reduction in international tensions. Stocks are mixed but there is a clear
indication that positive momentum is on the upswing adding juice to a market
that appeared tapped out and ready for a bout of profit taking. International stock markets are responding
favorably to the news, boosting investor enthusiasm.
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