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James St. Aubin Shares Commentary on Market Response to Geopolitical Risks

MarketWatch

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.

The 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.

0113-SI00XLAP 04262024

 

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