Everyone has benefited from the 2-week ceasefire between the U.S. and Iran. The 3 U.S. indexes each jumped more than 2% during Wednesday. However, Iran now accused the U.S. violating the ceasefire agreement. Hormuz is still closed and oil prices rose again. This has sent the stock indexes down now. The present unstable geopolitical environment contributes to much volatility in stock market. It is prudent to invest in defensive stocks such as those in healthcare, utilities and consumer staples. Wish all Tiger friends good luck.🍀
US-Iran Conflict | The Market Doesn't Care Anymore?
Iran closes Strait of Hormuz again as Israel continues worst ever strikes on Lebanon. But stocks doesn't move much.
It looks like the market doesn’t really care. Nothing matters. Greed above all else.
How long would this conflict last?
Will the conflict matter for market or not?
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