It was all looking so shiny and BTFD-y - Iran had sent some missiles towards Israeli folks; 'allies' blocked 99% of them; and Israel appeared unlikely top respond 'imminently'. Stocks were up, crypto was up, oil was down as 'WW3-off' meant risk-on. But, then the headlines just kept coming from the MidEast, reigniting fears that things were about to escalate quickly once again, sending oil, gold, and the dollar roaring higher. Add to that the fact that 2Y yields surged up towards 5.00% (after strong nominal retail sales) and 'risk-off' rapidly spoiled the overnight dip-buyers' fun. Specifically, 5.00% has not been a ... (full story)