It was a day of conflicting headlines and narratives. One moment it looks like the wider war in the MENA is on, the next it appears to be out off. The economic data was mostly poor but then here comes Jerry to assure everyone that things are great. Whom and what should you believe?
So we try to make sense of it all today...but probably didn't succeed. How can anyone know what might happen next? Maybe Israel is just trying to get Iran to let their guard down? Maybe The Fed will never cut rates ever again? We are just along for the ride.
For today, we start with these two...