...a 'squeezy dash for trash' in stocks, bonds bid on 'breakthrough' but oil shrugs.

Oil prices and bond yields have opened the week sharply lower following President Trump's weekend announcement of an imminent Middle East agreement.

The correlation of SPX vs pretty much every other macro asset has broken down...

(Bloomberg) -- Wall Street traders sent stocks toward all-time highs, bonds rose as a rally in oil waned amid speculation the US and Iran are close to a diplomatic breakthrough in…

...a 'squeezy dash for trash' in stocks, bonds bid on 'breakthrough' but oil shrugs.