WOLFE SEES IRAN DEAL AS MARKET KEY RISK Wolfe Research expects a near-term Iran resolution but warns that sustained high oil prices could fuel inflation and trigger U.S. equity weakness. The firm says stronger labor data and resilient growth could raise Fed rate hike risks. It also flags stretched momentum trades, heavy AI concentration in S&P 500 winners, and fragile market breadth, with ETFs and retail flows amplifying large-cap tech dominance.(*Walter Bloomberg)