[MARKET UPDATE]: Crude tumbles with stocks, bonds and gold rallying after US President Trump said that over the last two days, both US and Iran had "very good, and productive" conversations regarding a complete and total resolution of hostilitites

He has also instructed Dept. of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for five days. Oil prices tumbled in response, Brent crude futures (May 26) fell from c. USD 113/bbl to lows of 96/bbl.  10-Year T-note futures (June 26) surged from 110-02 to 111-04; 2-year T-note futures rose from 103-09+ to 103-23.  E-mini S&P futures (Jun 26) surged from 6,515 to 6750.  Gold rose from 4,280 to 4,460.  Money market pricing has also moved dovishly with rate hike bets being unwound.