For a somewhat refreshing change of pace, the day thus far has been short on war headlines and long on market-moving economic datapoints....like the good old days of two weeks ago! Can the pause in the potential MENA doom-and-gloom continue for more than a few hours? Probably not so let's just enjoy it while we can.
There was no Israeli attack on Iran overnight and their "War Cabinet" is meeting again today to discuss their next move. Perhaps cooler heads are prevailing? Maybe. But Iran is unlikely to take any attack on Iranian soil lightly. For now, though, things are status quo...
