Economic update so professor the market has just kind of shrugged off this entire conflict between iran and the u. S. Its now hitting all time highs and essentially concluding that honor has been served in the middle east and everyone can move along now what do you think is this really over or is merely a teaser and the other shoe just hasnt dropped yet. You know its a complicated story on the one hand the markets are right of course this was see it or it was see it or on new years to assassinate a foreign general when he is leave it in his own country a person who has that an adversary for a long a person carrying a diplomatic passport which means you can give his car a ticket let alone kill him a very bizarre action and the world looks at this as a kind of roll Good Behavior which is the truth everywhere except in the media. Year on the other hand the iranians having to look like theyre doing something in response send missiles that dont get to the target theyre ostensibly aimed at s
A board on the ground to catch us up on the floor of the shield and just how far a i have were filled to the brim with some very important stories so lets dive right in. Following irans missile strike on the bases in iraq that house u. S. And u. K. Troops markets initially dropped while oil spite but quickly retraced back to even as details emerged the pentagon later confirmed that iran launch more than a dozen missiles against u. S. Military forces in iraq but so far there were no reports of casualties the attack did not target any Oil Infrastructure which was a major point of concern for Global Markets in fact the nasdaq rallied to new record highs wednesday following the attack as it was highly asian was less than feared while crude oil retreated down 2 percent President Trump addressed the spikes wednesday morning in washington our Great American forces are prepared for anything iran appears to be standing down. Which is a good thing for all parties concerned and a very good thing
Did not target any Oil Infrastructure which was a major point of concern for Global Markets in fact the nasdaq rallied to new record highs wednesday following the attack as a was highly asian was less than feared while crude oil retreated down 2 percent President Trump addressed the spikes wednesday morning in washington our Great American forces are prepared for anything iran appears to be standing down which is a good thing for all parties concerned and a very good thing for the world as we continue to evaluate options in response to a rain in aggression the United States will immediately impose additional punishing economic sanctions on the iranian regime. Investors are relieved and many analysts interpret the strike as iran lashing out but not for escalating the situation tensions are likely to continue but Current Base Case scenario does not assume a broader military conflict so while the market has bounced back and the vix is low indicating that fear has subsided has the entire t