Market wisdom at a glance * SignalTube

What does a peace deal look like?

Francine Lacqua

Libby Cantrell

Question for markets is whether Trump declares victory without achieving strategic objectives to neuter Iran's uranium enrichment.

Trump is master marketer - may declare victory without strategic objectives achieved.

Libby Cantrell

For American voters, cost of gas and groceries important. If gas prices don't decrease going into midterms, spells trouble for Republicans.

Gas prices increased 40% already, some states seeing $5-$6 gas. President approval ratings inversely related to gas prices.

Libby Cantrell

Fed chair only one of 12 votes on FOMC. Administration conceding limitation of chair's power.

Markets ignoring Trump's threats to fire Powell due to Supreme Court likely not allowing firing of sitting governors.