Yes, it’s another weekend and the war against Iran is almost over again.

It’s like all the other times the war was almost over: oil and gas prices sinking…

…interest rates sinking….

and, of course, VIX dropping below SMA200 support.

Also, like all the other times, this one is accompanied by bombing.

FWIW, there’s some potentially consequential data will be released later this week. It starts with consumer confidence at 10am ET and includes PCE, GDP and claims on Thursday.

And, if you’re in too good a mood this morning, check out David Kelly’s sobering Five Scenarios for the Federal Debt. It can be found on Apple podcasts and LinkedIn, and probably other sources as well.

Stay tuned…