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Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom

Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom After a long weekend of kinetic and verbal escalationĀ (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading... WTI topped $115... Near post-war highs... And despite the recent hope-filled decoupling of oil and stocks... ...S&P futures also weak, down around 0.7% in the early trading... Treasury futures and gold are lower with USD/JPY near 159.70. While the Iran conflict has established an ongoing state of caution...
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