Iranian Attack is Imminent
Oil prices will almost surely be affected. I would expect a gap up in price when futures markets open tomorrow. Expect gas price to jump as well. None of this will be good for inflation.
Gold investors might be pleased when markets open. The safe haven trade should be more appealing.
Military industrial companies are likely to catch a bid if there is a true escalation in the conflicts around the world.
$Direxion Daily Aerospace & Defense Bull 3X Shares ETF(DFEN.US$ $Dow Jones U.S. Aerospace & Defense Index(.DJUSAE.US$ $Dow Jones U.S. Aerospace & Defense Index(.DJUSAE.US$ $Ishares Trust U.S. Aerospace & Defense Etf(ITA.US$ $Spdr Series Trust S&P Aerospace & Defense Etf(XAR.US$ $Powershares Exchange Traded Fd Tst Aerospace & Defense Portfolio(PPA.US$
As soon as the news of an Iranian attack hit the headlines, the crypto market started crashing. Things are not looking good at all.
I think equities will have at least a small gap down when futures markets open tomorrow. Possibly a big gap down. Of course, I could always be wrong.
$E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $E-mini Dow Futures(JUN4)(YMmain.US$ $E-mini Russell 2000 Index Futures(JUN4)(RTYmain.US$ $VIX Index Futures(MAY4)(VXmain.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $NASDAQ 100 Index(.NDX.US$ $Dow Jones Industrial Average(.DJI.US$ $Russell 2000 Index(.RUT.US$ $CBOE Volatility S&P 500 Index(.VIX.US$
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Mike Obama :
MonkeyGee : Here we go with 2nd wave of inflation.
SpyderCallOP Mike Obama:
SpyderCallOP MonkeyGee: I feel the same way. Oil was already rallying. This is just more fuel for the rally.
MonkeyGee SpyderCallOP: can't take another wave of inflation. This is the most pain 4 years in my life. only 6 months more to go and we'll have an administration that understands economics 101.
EZ_money : this my friends is how WW3 begins. wait for another 9/11 on my country to suck us in.... supposedly. strange friggin world especially when they all pray to the God of Abraham, they pray to the same God, but fight over details. now it's beyond that.
SpyderCallOP EZ_money: agreed. Iran attacking Isreal will definitely lead to retaliation. US backs Isreal. If the conflict gets too out of controll then US will step in for sure. We could possibly be getting closer to WW3. But so far this seems more like regional wars all around the globe. But that could always change.
Mike Obama : buy the dip. it'll whip saw back
SpyderCallOP MonkeyGee: Right.
Inflation is hurting my wallet as well. I feel your pain. And if inflation comes back in a big way which it seems like it is, then that would be terrible for Biden during the next election.
People generally don't know much about politics. But they definitely know about inflation as they can feel it in their wallet. Basically, people generally don't vote for a party because of their actual policies because they don't follow their parties polices enough. But they will vote with their wallet in mind. Which is why high inflation is bad for Biden.
SpyderCallOP Mike Obama: You could definitely be right. We shall see.
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