In Today's Update:
1) U.S. Equity markets closed mixed after another very quiet trading session Monday ahead of a very busy week for company earnings reports. The Dow Jones Industrial Average dropped 48.49 or 0.18%, the S&P 500 added 2.94 or 0.10% while the Nasdaq 100 closed higher by 17.20 or 0.22% and the Russell 2000 finished lower by 5.70 or 0.36%.
2) Crude Oil Futures surged $1.66 or 2.59% on Monday after Trump took steps to limit Iran's exports while Gold Futures held steady gaining just $0.90 or 0.07% on slight weakness in the U.S. dollar. The Bond market finished lower today and the yield on the 10-year Treasury Note settled at 2.580%.
3) The Trump administration announced a reversal of sanctions waivers for any country that is currently importing Iranian oil. Today's decisions sent the price of Crude Oil surging to nearly a six-month high and will likely cause an increase in inflation and a further slowdown in global economic growth.