Unfazed
The market seems to be unfazed by the ongoing Middle East conflict. Probably used to it already?
S&P500 and Nasdaq closed the session in the green, marking a sharp reversal from their lows earlier in the session.
Investors basically bought the dip in stocks, which were initially lower to start the new trading week on fears that the widening conflict between U.S. and Iranian forces would weigh on markets.
This actually shouldn’t come as a surprise: Historically, what in the near term seems like a geopolitical crisis tends to be largely resolved from a market perspective within 6 months.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Crude Oil Futures (JUN6) (CLmain.US)$ $SPDR Gold ETF (GLD.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Alibaba (BABA.US)$ $Netflix (NFLX.US)$ $Amazon (AMZN.US)$ $Arm Holdings (ARM.US)$ $Adobe (ADBE.US)$ $Airbnb (ABNB.US)$ $JPMorgan (JPM.US)$ $Opendoor Technologies (OPEN.US)$ $PayPal (PYPL.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.Read more
Comment (1)
to post a comment
1