Fractured Jawbone: Crude Jumps, Stocks Dump, & Bond Fears Shift To Economic Slump
Tl;dr: With the fourth week of the war in Iran almost in the bag, it's more of the same with oil up (erasing the early week jawboning drop), stocks down (Nasdaq now in correction) and yields up (though fading today as we suspect growth fears are trumping inflation scares). Gold and the dollar rallied on the week while bitcoin was dumped along with big-tech.
