Bond Yields, Black Gold, & Bitcoin Blast Off Amid MidEast Maelstrom

Tl;dr: Complacency in stocks but painful moves in Treasuries and commodities as short-term geopolitical risk premia grapple with medium-term inflation fears.

The market is clearly looking past US/Israel weekend events and fading geopolitical risk moves as Goldman's trading desk notes lots of head-scratching ‘wrong way’ moves out there