Ha ha "bomb rally". But you know how it is, any excuse to party....
- Wall Street Advances as Iran Response Eases Market Fears
US stocks climbed on Monday as investors shrugged off fears of a broader conflict, following a measured Iranian response to US airstrikes over the weekend. The S&P 500 gained 0.7% and the Nasdaq advanced 0.8%, while the Dow rose nearly 300 points, supported by easing concerns over a major oil supply disruption. US oil prices slumped nearly 7% after Iran launched missiles at a US base in Qatar—an attack that was reportedly intercepted without casualties—prompting sharp reversals in energy stocks, with ExxonMobil and Chevron both falling 2%. The response was seen as restrained, as Iran refrained from targeting critical energy infrastructure or disrupting the Strait of Hormuz.
82 minutes ago
So because Irans only response so far was to try and bomb a US base in Qatar, the market decided this was "measured", and worthy of positive sentiment? LOL
OK, all good then, Im sure Iran isnt plotting something. History shows these gudge matches just die out overnight, right?![]()
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23319
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