Given the failure of the U.S./Iran talks, ’twas no surprise to see — save for Oil — the seven other BEGOS Markets drop at today’s open: at present, the Bond, EuroCurrencies, Silver and Spoo are below today’s Neutral Zones, (Gold and Copper actually are within same), and Oil of course is well-up, currently +8.4% at 103.64. Despite the on-balance negative start to the day, session volatility is to this point light-to-moderate. The Gold Update cites price’s range as “narrowing”, but the stance of inflation as “harrowing”, such that the Fed in due course this year may have to raise rates. The Econ Baro starts a moderate week of incoming data with March’s Existing Home Sales. And Q1 Earnings Season enters its second week, the financials getting the emphasis.