The worsening global geopolitical weather keeps investors in a cautious mode [Video]
|The worsening global geopolitical weather keeps investors in a cautious mode, and will likely prevent them from taking too much risk before the weekend. While the news that the US is giving itself two weeks to decide whether to intervene in Iran, which is slightly better than earlier reports suggesting they would go in this weekend, has somehow eased tensions, looming uncertainties pushed US and European equities lower yesterday. I’m not sure the US buying itself time can be interpreted as a sign of de-escalation.
Energy, defense and haven stocks remain in demand, while investors will certainly refrain from taking too much risk on their shoulders.
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