•Narrowing of a trading range for junk debt is a cause for concern. Junk debt and stocks move together in lockstep. Is a reversal brewing? – JNK, HYG
•Flight to safety may have already begun. Treasuries move higher – TLT
•Oil pushes higher, as tensions with Iran further our bullish posture on oil – USO
•Dollar is pressured by most currencies – DXY
•Canadian Dollar – 290 pips gain. Swiss Franc – 224 pips gain. USDCAD, USDCHF
•Euro about to breakout? – EURUSD
•Gold is benefiting from the turmoil – XAUUSD, GDX
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