- S&P flat at 1909
- Dow flat at 16368
- Nasdaq -2pts to 4332
US 10 year yields 2.38% -3bp
Traders are noting the US airstrikes as one of the reasons for the fall in the dollar and the run to yen and bonds may be feeling some of that too. The market knew of US military action yesterday so it shouldn’t be having that much of an effect. If we get US boots on the ground then that’s a different kettle of fish altogether.
A good proxy for any Middle East talk is oil and that’s come off the highs with Brent down to 105.63 from the overnight high of 106.82
