The economic calendar features the employment situation report at week’s end with a preview from the ADP on Wednesday. In my early WTWA preparation I expected some reallocation action by those returning from vacation, and a focus on employment as a key economic read. I still believe that both will happen, but the U.S./Iran confrontation has taken center stage. There are so many dimensions and so much uncertainty. Financial media will pursue each of the many threads, not always sticking to market implications. The key question will be:
Will Middle East conflict bring an end