Geopolitical Shocks and Financial Markets

by MN Gordon
Acting Man

Involuntary Early Retirement of a Middle Eastern General

The procession of news through the week – namely that chronicling the aftermath of the targeted drone strike and killing of Iranian General Qasem Soleimani – advanced with an agreeable flow. The reports at the start of the week were that Orange Man Bad had spun up a Middle Eastern mob of whirling dervishes beyond recall. World War III was imminent.

[…] But after Iran’s token missile launch on Tuesday, with no American causalities, President Trump Tweeted: “All is well!” Then, on Wednesday, major U.S. stock indices gave the “all clear” signal. By Thursday, the Dow Jones Industrial Average (DJIA), the S&P 500, and the NASDAQ were all marching to record highs. The DJIA even came within a horse’s hair from taking out 29,000.

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