Hamas Attacks Israel

The Palestinian group Hamas on Saturday launched massive brutal attacks on Israel, with thousands of missiles and forces infiltrating throughout much of the country's south, deliberately killing hundreds of civilians and taking several dozen hostage. Israeli Prime Minister Benjamin Netanyahu declared war on Hamas, with the near-certainty of sweeping retaliation in the coming days and weeks.
That could disrupt possible normalization of relations between Israel and Saudi Arabia. Saudi Arabia has told U.S. officials it could boost oil production next year, as a possible goodwill gesture to get Congress to OK a U.S.-Saudi defense pact as part of Saudi recognition of Israel.
All of this could roil financial markets, especially crude oil, on Monday. $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$