US equity markets were led by the stodgy old low-beta Dow this week – not the high-flying muppetry of the Russell or Nasdaq – as stocks enjoyed the best week in 4 months amidst escalation of geopolitical time-bombs in Israel, Iraq, and Ukraine. Dow and Trannies gained 2% by the close as today’s disappointment in Yellen and Draghi took the exuberant shine off an otherwise bottom-left-to-top-right Birinyi ruler-based market. The USDollar gained 1.1% on the week – its best week since November – closing at one-year highs.