Momo 'Meh' As Mideast Melee Spikes Oil, Bitcoin Bad But Big-Tech & Bonds Bounce

Tl;dr: Words ('ceasefire is over': Trump) and deeds (tit-for-tat attacks escalating) surrounding Iran spiked oil prices to one-month highs, smashing bond yields higher and stocks lower early (then big tech bounced, distracted from the chaos in momentum briefly). The dollar ripped and dipped, with gold mirroring the swing. Bitcoin followed big-tech lower (but not back up) as the market shrugged off hawkish confirmation in Fed Minutes and bonds bounced back to end only marginally higher in yield.

Oil