Iran War Shakes Global Markets – Energy Price Shock Drives Inflation and Recession Fears – DAX Plummets to Three-Month Low – Earnings Surprises at Target and Best Buy Defy the Chaos – Elliott Invests in Pinterest, MongoDB and Credo Under Pressure

USA & MACROECONOMICS Wall Street Under Pressure The Iran War drags the global financial markets into the abyss. The S&P 500 loses about 2.15% and approaches its lowest level since December 2025 – a broad sell-off that respects no sector boundaries. The Nasdaq is also under immense pressure as rising energy prices undermine the growth expectations of technology valuations. Core of the Problem: Brent Crude Oil (+6.45%) temporarily surpasses the mark of 85 USD per barrel after an advisor to the commander of the Iranian Revolutionary...