War Drums
"you caught that war news fast today boss lady."
I caught this headline within 1 min live in my trading room:
“The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel"
This helped clients position quickly, as that is not a headline to trifle with.
I had just been explaining pre-market how the Powell speech yesterday created the dollar move higher - off my critical 100.20 support - as he spoke dovish about how the Fed would lower interest rates "over time".
I pulled up my September 11th yield-curve talking points to explain why the 10Y2Y yield curve was falling, and how when it gets inverted next (negative), it would be bad for banks and markets.