Market News and Commentary August 3

Iran To Practice Blockading Strait Of Hormuz As Saudis Say Mandeb Strait Is No Longer Safe. Crude oil prices gain in volatile week. New jobs report indicates Trump’s ‘best economy in history’ isn’t all it’s cracked up to be. Trump administration adds to China trade pressure with higher tariff plan. Bond yields, stocks fall as trade fears spread to Europe. Gold ends at more-than-1-year low as dollar shifts higher for the week. Reality check: Trump’s reluctance to call out Russia for interference muddies U.S. response.

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