On June 16, Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, stated that the surge in the US stock market following President Trump's announcement of the Iran peace agreement reflects investors beginning to reallocate approximately $8 trillion to $9 trillion held in money market funds. He added that SpaceX's initial public offering last week has forced investors to make room in their portfolios, creating market momentum; this momentum accelerated further after the Iran agreement eliminated a key geopolitical risk. He noted that the Federal Reserve should avoid raising interest rates, as higher borrowing costs cannot curb inflation in stubborn sectors such as healthcare, insurance, and education, while interest-sensitive sectors like housing and automobiles do not face significant price pressure. Other central banks, including the European Central Bank, may not need to tighten policies as much as previously expected, as the Iran agreement is likely to alleviate upward pressure on energy costs.