MARKET RECAP

• US stocks were flat on the week.
• The US joined Israel’s fight against Iran yesterday and put on what will hopefully turn out to be a knockout punch to the Iranian nuclear program.
• Oil is expected to open between $80 and $85 per barrel, up from $77 on Friday. If Iran carries out threats to close the Strait of Hormuz, prices will spike much higher.
• Social security will run out of funds in 2034, a year earlier than expected, as both political parties continue to ignore the problem.
• The Fed left interest rates unchanged.

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