Ahead of key inflation data from the U.S. and U.K., the market is focused on the potential for Iran to launch a significant attack on Israel this week. Rising tensions in the Middle East drove jumps in gold, oil, natural gas, and U.S. Treasuries. Despite OPEC’s rare move to lower global oil demand forecasts for this year and next, WTI crude still rose over 4%, marking its fifth consecutive daily gain, breaking above the psychological $80 mark, and posting its biggest rally and highest level in three weeks. Fears of Russian supply disruptions pushed European natural gas prices to their highest intraday level since early December. Spot gold gained 1.7%, breaking above $2,470. The two-year U.S. Treasury yield dropped 5 basis points, edging closer to the 4% threshold.
OhNowGombie : Hmmm? Anybody waiting for the next Yen (spike) dollar crunch to liquidate the stock market?