Matt Frankel

So still a very interesting point mathematically.

So let's break this down a little bit more from what the study showed.

Well, yes and no.

For one thing, I mean, you said we try to avoid talking about the war, but it's nice to talk about it on a somewhat positive note for a change.

For one thing, take this news with a big grain of salt.

As you said, we're probably not close to the final chapter yet.

The president decided to delay certain strikes specifically on Iran's energy resources after productive talks.

And right after he said that, Iran quickly denied that any talks had actually taken place.

So Iran at the beginning of the war, if you remember, they said that their, I think it was their prime minister, is that what it's called, was alive and well after he had been killed in airstrikes.

So, you know, who's to say what did or did not happen?

And if talks happened, how productive they actually were.

Of course, this is two different sides telling two kind of very biased sides of the story, I guess I would say.

But on the other hand, the market was clearly ready for any signs of de-escalation in the conflict, and we finally got one.

For the past few weeks, I don't know about you guys, it seemed like the situation was gradually getting worse and more uncertain on a daily basis.

This is a nice change of pace.

So just to be clear,

The war is still going on.

I want to get that right out there.

So we're not likely to see a broad, sustained rebound in the market unless further developments happen.

Even after today's move, my portfolio is still very much down.