Bonds, Bullion, & Black Gold Bid As Mideast Tensions Trump Soft CPI

After kneejerking higher on the cooler than expected CPI print, the S&P 500 fell into the red as desk chatter noted that Treasury Secretary Bessent's testimony in Congress (as he said it was “highly likely” that the Trump administration would extend the deadline for trading partners who are negotiating in good faith when the original 90-day pause expires, and that it won’t roll the date forward for those that aren’t)