And on the Fourteenth Day, Trump Rested

Big week ahead with the Fed meeting and major Tech earnings reports

Key Takeaways

• Another Reversal on U.S.-Iran Diplomacy: The big news over the weekend, which has prompted a renewed risk-on atmosphere, is the cessation of tensions in this on-again/off-again war — President Trump again doing an about-face in shifting from “massive attack” to allowing “some space” for diplomacy. Brent crude has responded in kind by slumping -7% to $90 per barrel, helping ignite gains across most equity and bond markets, as well as Bitcoin and gold.