Trump will apparently be available to reporters today. He is saying:
Iran will pay a big price.They will not have a nuclear weapon. Americans are not against the war. Soldiers tests are under investigation. Iran will be held accountableAmericans do not want higher gas prices.
Looking around the markets. Yields are ticking modestly to the upside with the two-year up 2.19 basis points at 4.282%. The 10 year is up 1.2 basis points at 4.640%. Later today, the US treasury will auction off 20 year bonds
The major US indices are mixed which is a relief from the lower levels in premarket trading
Dow industrial average of 240 points or 0.46%:S&P index up 2.52 points or 0.03% NASDAQ index -62 points or -0.24%
The NASDAQ index was down 250 points in premarket trading.
Crude oil is trading up $2.60 at $86.94. The high price reach a high of $88.61 which got within $0.87 of its 100 day moving average at $89.47. Support comes in at $86.13 which is the 50% midpoint of the last trend move down from the May 18 high to the July 2 low. The corrective low off the high just reached $86.14 and bounced.
This article was written by Greg Michalowski at investinglive.com.