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MarketWatch reported that equities have tended to fall during the summer months preceding U.S. midterm elections. The article poses whether the pattern will hold in the current cycle.
MarketWatch reported that stocks have tended to decline during the summer months before midterm elections. The outlet asked whether the historical pattern will repeat in the current cycle. The article did not provide specific percentage declines, time frames, or election years to support the stated tendency.
No data tables or cited studies accompanied the claim. No named individuals, companies, or government officials were referenced in the report.
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Iran directed Yemen's Houthi movement to stand ready to close the Bab el-Mandeb strait if the United States attacks its power network. The order follows recent U.S. strikes and Iran's closure of the Strait of Hormuz. Shipping routes face added risk.
forbes.comThe average 30-year fixed mortgage rate increased to 6.55 percent this week from 6.49 percent last week, Freddie Mac reported Thursday. The 15-year rate also rose, while the 10-year Treasury yield reached 4.57 percent.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.