The markets celebrated the announcement of a cease fire, and Michael Farr welcomes Jim Iuorio for a look under the hood. Is this the all-clear? Jim re-evaluates his advice from last week, and shares the technical levels he's looking for now. Plus, Michael and Jim talk about the changing mechanics of the market, and Michael shares his thoughts on the diplomacy, and lack thereof, of the day.

In this bonus episode, Michael Farr has an extended discussion with Dr. Jeffrey Lacker, former President of the Federal Reserve Bank of Richmond. Dr. Lacker previews the dilemma facing the new Warsh era at the Fed as policy makers wrestle with the shocks created by the Iran War and more. While he sees some heartening signs from Congress on fiscal discipline, Dr. Lacker notes that the current reliance on foreign bond buying for profligate deficits has dire implications both economic and political.

The FarrBlast is back with more insight on the latest that impacts your investments. Michael Farr welcomes Jim Iuorio who notes that this Thursday breaks the trend of this year -- but it's not an all clear sign. Jim is looking for another flush in the market and shares the levels and indicators he's looking for. Dan Mahaffee breaks down the political fallout from rising gas prices and the news of Pam Biondi's ouster at Justice.

Watch for this week's bonus FarrFocus episode as Michael has a deep discussion with former voting member of the Federal Reserve, Dr. Jeffrey Lacker.