Gold and silver prices are jumping, bonds are bid off their high yields, and US equities have dropped to the lows of the day as Boehner gets behind Obama:
- BOEHNER SAYS WILL SUPPORT OBAMA’S CALL FOR ACTION IN SYRIA, BELIEVES COLLEAGUES SHOULD DO THE SAME
- BOEHNER SAYS `ONLY THE UNITED STATES’ CAN RESPOND TO SYRIA
- BOEHNER SAYS UN, NATO UNLIKELY TO TAKE ACTION ON SYRIA
Of course, given the military’s moves over the weekend, was there really any de-escalation (as we warned Friday).
So what did the oil traders know that stocks didn’t?