Market May 22: SPX Nears Peak, Iran Approaches Deadline

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Key Headlines:

• Rubio says U.S.-Iran have yet to reach an agreement

• U.S. temporarily pauses arms transfers to Taiwan

• Kevin Warsh officially becomes the 17th Fed Chair

• China sanctions and confiscates funds from 3 major brokers

• IMF approves additional $1 billion disbursement for Argentina

• Japan April CPI inflation falls to 1.4% YoY

• May UMich: Consumer sentiment hits a record low

• Chinese DRAM enters the global supply chain

• Micron produces 1α DRAM in Virginia

• SPX nears the 7500 peak; war news creates noise