Middle East & Impact on Markets (Patreon)
Published:
2023-10-08 22:41:02
Imported:
2023-10
Content
TLDR
- Futures down about 70bps
- Oil up over 2%
- Israel stock market down over 6%
- Asia flat.
CNBC: “INVESTORS SHRUG OFF TURMOIL IN MIDDLE EAST.”
The sad reality is markets like war.
The Military Industrial Complex boosts government spending, which lifts the economic tide.
Rumor has it some insiders saw this coming, explaining Friday's market response. In such times, debt becomes a haven, possibly driving down bond yields—good news for governments.
As for Bitcoin? As I often quip, "Bitty thrives in turmoil."
I plan on buying more MSTR and TSLA this week. I also may swap some ETH for SOL. How much we shall see.