A word of caution: The temperature will be rising all week long ...Middle East

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A word of caution: The temperature will be rising all week long
Discretion is the better part of valour. This is going to be a volatile, uncertain week as we build up towards the US election next Tuesday. But it's not just that, it's a blockbuster week for economic data.It starts light today with the Fed thankfully in the blackout period and only the lowly Dallas Fed on the economic calendar.But the market is digesting a big drop in oil prices after Israel restricted its retaliation to military targets and the market suspects that's the end of this chapter. WTI crude is down $4.40 to $67.38 in a move that's helping to restrain Treasury yields ahead of today's borrowing estimates. We're also sorting through the Japanese election.The big events this week c

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