Biden says he expects Iran will attack Israel “sooner rather than later”

“My expectation is sooner than later,” Biden said when asked how imminent an attack by Iran on Israel was.

“We are devoted to the defense of Israel. We will support Israel, we will defend–help defend Israel and Iran will not succeed,” he also said.

The market has priced out some of the worries but we won’t find out how much angst is in the market unless nothing happens on the weekend. So it goes with macro trading.