Great graphic from Stratfor, who, BTW, is running a great subscription deal. You’re gonna need some good geopolitical analysis in 2020. That we can be certain. See here.
It seems like Mr. Market is the only one who didn’t see the Iranian retaliation coming.
EMH* über alles! NOT!
Godspeed to our soldiers.
DJIA futures down 310, S&P futures down 37 (or 1.1%)
WTI up $2 or 2.5%
Bond futures up 25 ticks
Gold up $20 to $1,595 (1.5%) https://t.co/7DPsMHqYFT
— Jim Bianco (@biancoresearch) January 7, 2020
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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