​Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big-Tech & Bitcoin Battered – Tyler Durden

Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big-Tech & Bitcoin Battered Today’s mixed macro picture (construction spending down, National Manufacturing surveys and Dallas Fed in contraction offset by surge in JOLTS) was overwhelmed by Strikes (from Iranian missiles and American longshoremen). The widespread union strike deadline passed and bond markets shifted lower in yield on that news overnight. Then as Iranian missiles rained down on Israel, investors poured into safe-havens (bonds, gold) and dumped stocks as oil prices re-discovered geopolitical risk premium. Source: Bloomberg Treasury yields were all bid today, but are mixed on the week…  — Continue at ZeroHedge News : Read More