As the Iran conflict escalated, the textbook response seemed clear: flight to safety, bonds up, equities down. Instead, stocks held firm, institutional capital returned to Bitcoin, and fixed income failed to deliver the protection it promised. What the market data reveals — ...

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...

As the Iran conflict escalated, the textbook response seemed clear: flight to safety, bonds up, equities down. Instead, stocks held firm, institutional capital returned to…