Scoreboard: Nuclear reaction

News on Iran’s nuclear reactions sparked big crude moves, though a public holiday left Wall Street becalmed.

With an hour or so left to trade, stocks on Wall Street are still hovering around the zero mark. I guess most of the excitement was last week, when many financial market economists learned everything they thought about the US was wrong and the Federal Reserve lost what little credibility it had left. In any case it was the Veteran’s Day Holiday with government offices and bond markets closed and so the odds of excitement were always low. For last night’s session, there wasn’t much oomph left, but gains were held. I think if anything that’s the key take and we are still talking records for stocks on both sides of the Atlantic.

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