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"From Orderly Selloff, To Panic": Stocks, Bonds Plunge As Oil, Dollar Soar On Iran War
"From Orderly Selloff, To Panic": Stocks, Bonds Plunge As Oil, Dollar Soar On Iran War
US equity futures are down sharply, along with all global markets, as the Iran war expands and escalates (attack on US embassy in Saudi Arabia; uncertainty over duration of Strait of Hormuz closure; targeting non-military infra / businesses) rattling markets and sending oil and the dollar surging. Global bonds also plunge on fears that Trump’s “whatever it takes” vow on Iran will fuel energy prices and inflation. As of 8:00am ET, S&P futures are down 1.4%, off...
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Farther Along
Don’t lose the plot. Embrace the suck. This is the world’s hard time, for now. The birth of anything can be a bloody horror. It can even look like death. Don’t be too afraid to see what comes on the other side of this awful spectacle.
So many Americans are rooting and wishing for the Iran war to turn out badly for Western Civ. And why? Because Trump. And why? Because at the...
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