Market Update – Crude and Yields Surging; Equities Probably 1-Day Oversold

As noted in Tuesday’s market wrap, Iran hit a U.S. base in Jordan and stepped up attacks on U.S. regional allies, with Saudi energy infrastructure under particular pressure. The U.S. is yet to respond, but don’t be surprised to see it. Iran is said to have flat out rejected the latest U.S. offer of talks….