Price Return Last Week S&P 500 +4.5% S&P Mid Cap +3.5% Russell 2000 +5.6% MSCI EAFE +2.2% MSCI EM +3.2% 10 Yr US Treasury Rate – fell from 4.32% to 4.24% Source: Refinitiv Eikon Recent News Strait of Hormuz Updates – Iran’s foreign minister announced that the Strait of Hormuz was “completely open” after a cease-fire deal was reached between Israel and Lebanon. However, the U.S. continues to impose a naval blockade on all Iranian ports unti