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2026-05-29 11:12:37
[Castle Securities: Market May Underestimate Rebound from Strait of Hormuz Reopening] (1) Castle Securities stated that investors may be underestimating the likelihood of a broad market rebound triggered by the "timely" reopening of the Strait of Hormuz. (2) Strategist Frank Flight pointed out that the possibility of the US and Iran reaching an agreement to resume shipping through the Strait is quite high. (3) Flight predicts that if the Strait is fully reopened by the end of July, the 10-year US Treasury yield may fall by more than 12 basis points, the S&P 500 index will rise by 1.7%, and the US dollar will fall by 0.5%.
