By Stephen Guilfoyle
Publication Date: 2026-05-28 12:05:00
Why on earth is a peace deal so darned elusive? Markets keep behaving as if at least a temporary peace deal between the U.S. and Iran is imminent. Yet, every day passes with no announcement made. We just hear about how close a deal is and how badly the other side wants to make a deal. I guess those of us with net long portfolios should be grateful. Grateful that high-speed algorithms only care about creating momentum. Oh, and are a lot more gullible than were the ethnic Irish, Italian and Jewish kids from the outer boroughs of New York City that used to dominate the trading floor at the New York Stock Exchange in downtown Manhattan as well as the trading desks of all of your favorite investment banks.
The shooting started up again while you were sleeping. The Wall Street Journal, Bloomberg News, Financial Times and other sources are reporting that forces from CENTCOM (U.S. Central Command) shot down at least four one-way attack drones that had been launched by Iranian forces at…
