US Business Spending Showed Resilience Prior to Iran Conflict Escalation

Recent economic data indicates that US business investment in equipment was on solid ground immediately before the start of the conflict with Iran. According to a report from Reuters, corporate spending showed significant resilience, establishing a strong baseline for the US economy prior to the geopolitical escalation. This retrospective analysis highlights the underlying health of US businesses before regional tensions began to influence global market sentiment. While the data reflects a position of strength, its market impact remains limited as investors have already factored in the initial effects of the conflict. Market participants are now shifting their focus from historical capex trends to the future implications of ongoing instability on corporate growth. Consequently, instruments like the USD, SPY, and US10Y are expected to remain sensitive to evolving news rather than historical benchmarks.