James St. Aubin Discusses Stock Market Reactions to Iran-Israel Tensions
"Treasurys, gold and the U.S. dollar all rallied Friday, while demand for stock-market hedges spiked"
Threats of Iranian retaliation against Israel once again sparked a selloff in stocks.
Reports that Israel is bracing for an imminent attack by Iran sparked a scramble for safety across markets on Friday, inspiring traders to dump stocks in favor of Treasury bonds, gold and the U.S. dollar.
The selloff was initially driven by a report in the Wall Street Journal that said Israel was bracing for an Iranian strike that could arrive as soon as Friday or Saturday. It bore a strong resemblance to the market reaction on April 4, which caused stocks to plunge in afternoon trading on a similar warning from Israel.
VIEW HEREThe thoughts and opinions expressed in the article are solely those of the person speaking as of 4/12/2024, 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.
1340-NLD-04302024