Trump Hints at a Cease-Fire "call" but Iran Denies It

Best time to jump back into the stock market? Wait for the VIX to hit the 40 mark.

Key Takeaways

• No Hiding Place Except Cash: Yesterday was a flashpoint for money leaving the market. There was no flight to defensives, with the most stable sectors like Consumer Staples and Health Care down the most. The safety valves, like gold and bonds, are getting no price lift at all, quite the opposite. Only cash priced in U.S. dollars is working consistently since the war erupted last weekend. Even energy stocks did next to nothing despite the pop in oil and natural gas prices.