Moving On.
Over the weekend, Trump (despite having campaigned noisily just last year on a platform of US non-intervention in global military entanglements) ordered direct airstrikes on Iran which he claimed had “obliterated” the country’s nuclear capabilities (intelligence reports later cast doubt on this assertion). He also floated the idea of Iranian regime change (“MIGA”? Really?).
Unsurprisingly, oil prices initially roared higher overnight on Monday and Asian and European stocks dipped lower. Frantically trying to game out the next moves on the global chess board and their impact on stock, bond…
The skinny
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