Insights from Sierra's CIO on Stock Market Fears Amid Geopolitical Uncertainty
"The selloff can deepen, but the impact of geopolitics on markets is usually temporary"
Cracks in the U.S. stock market’s big rally in the past five months intensified on Friday as investors worried about a potential escalation of tensions between Iran and Israel.
The Dow Jones Industrial Average DJIA fell for a fifth straight day on Friday, booking a 2.4% weekly loss, its biggest weekly decline since March 10, 2023, according to Dow Jones Market Data.
VIEW HEREThe thoughts and opinions expressed in the article are solely those of the person speaking as of 4/13/2024, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.
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