Good evening, this is Markets Desk with your closing brief.
Geopolitical tension is back in the energy corridor. Iran's deputy foreign minister pushed back hard against President Trump's claim that the Strait of Hormuz would become U.S. territory, declaring the waterway will remain Iranian. With reports of another vessel struck in the region, crude traders are watching Hormuz closely — any sustained disruption there ripples through global supply chains fast.
Shifting to portfolio strategy, the classic sixty-forty allocation — sixty percent equities, forty percent bonds — is making a genuine comeback. With bond yields finally offering real income again, the model that looked broken during the zero-rate era is delivering diversification benefits once more. Advisors are tweaking the mix, but the core logic is holding up even against the noise of AI euphoria and mega IPOs.
And in corporate news, Hasbro's Wizards of the Coast president John Hight is out following the cancellation of several video game projects. Hasbro posted strong earnings last month, but the company appears to be recalibrating its digital ambitions, signaling that even in a strong earnings environment, strategic misalignment at the product level carries real executive consequences.
That's the tape. Markets Desk, signing off the floor.
