Unless of course the inside view is that Israel really has neutered Iran by taking out key infrastructure and importantly key individuals driving the antagonistic nature of the republic. Not much sympathy being exhibited by their “allies” and I look to the markets for confirmation. Brent crude was up 5.5% early today but gave it all up. Normally you would see a big safe haven move into Gold and US Treasuries and a risk off move out of equities, but no, Asian equities all higher and US equity futures are higher. Makes no sense if we are about to have something that could develop into a nuclear conflict. My call. This is done.
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