Oil and Rates Pullback on Flurry of Headlines, Contributing to Market Gains. Averages Haven’t Filled The Gap Yet.

Although the latest geopolitical headlines are highly mixed and contradictory, they are triggering meaningful declines in oil prices and bond yields. This is supporting a rebound in long-duration assets such as Semiconductors, while Mega Cap stocks provide significant market support. The stock market is having its best session of the week. Oil declined overnight after…