Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses elevated geopolitical uncertainty and its impact on the markets. Wall Street’s worries about an inflation resurgence sent bonds slumping as oil surged amid an escalating war in the Middle East, with traders trimming bets on rate cuts. The dollar and gold climbed. Stocks pared losses. Also weighing on Treasuries were figures showing manufacturing expanded, with input prices soaring at the fastest pace since 2022. Ten-

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