Iran Nuclear Headlines Hit Stocks, FOMC Minutes Will Add Color to Fed Rate Hike

• Iran nuclear enrichment headlines are keeping crude oil prices elevated but below $90, with discussions between the US and Iran potentially signaling progress.
• September FOMC minutes, released today, are highly anticipated as the Fed's unanimous decision to raise rates was a surprise, with markets seeking insights into future rate hike probabilities.
• MBA mortgage applications continue to decline, with the 30-year mortgage rate nearing 7.5%, indicating a significant slowdown and paralysis in the housing market.

The video discusses geopolitical tensions in the Middle East affecting crude oil prices, the upcoming release of September FOMC minutes, and declining mortgage applications due to rising interest rates. While oil remains below $90 despite Iran nuclear headlines, the Fed's unanimous rate hike decision in September makes today's minutes important for market direction, alongside a struggling housing market.