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Below the Quote on Pre - Markets by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)

Waiting for Warsh US Stocks turned in a mixed performance to kick off the week, with jitters around a number of big-picture issues—artificial intelligence exposure, the latest uptick in a potential trade war with Canada, and the new plans to isolate Iran—weighing on momentum.

Dow Jones finished day up 140 points, But Nasdaq and S&P 500 dipped 0.8% and 0.3%, respectively.

Investors are looking for details on Warsh’s plan to bring inflation sustainably down to the Fed’s 2% target, which the central bank has missed for over five years now.

Of course, there’s always a risk that inflation surprises to the upside—particularly because oil prices spiked again toward the end of July as hostilities resumed between the U.S. and Iran. Brent crude oscillated around the $90 a barrel mark on Tuesday amid ongoing uncertainty over when the Strait of Hormuz would reopen. Traffic through the strait remains weak—over the weekend, confirmed crossings fell from 15 on Friday to 11 on Saturday and just six on Sunday

Negotiations got a bit more complicated on Monday. Now that both the U.S. and Iran are demanding reparations from each other to end the conflict, dashing any remaining hopes of a quick resolution.

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