The U.S. joined Israel’s war against Iran over the weekend, carrying out strikes against three Iranian nuclear sites. That’s adding even more uncertainty to markets, which have been dealt tough hand after tough hand this year, including the Trump administration’s erratic tariff policies, an ever-growing national debt, uncertain budget bill, and now conflict with Iran.
“Historical precedent of markets selling off initially, only to recover and make new highs, has led investors to be a bit more level-headed about their reaction,” says Samana about the little movement seen since the U.S. strikes. “Markets want to see how Iran responds prior to making a determination on how it might impact the macroeconomic story.”
“Only the Fake News would say anything different in order to try and demean, as much as possible,” the president of the United States posted. “It never ends with the sleazebags in the Media, and that’s why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!”
“We would argue that while there is some risk of markets selling off on a variety of events, the fundamentals remain strong enough for markets to continue their run higher into next year,” says Samana.
