As I had already said, it was not to be expected that the conflict would escalate in a truly serious way and despite the theatrical part of yesterday’s attack, which served to save the face of Iranian opposition from the internal opposition, the aim is certainly has never been a cause of death among the Western coalition military. In fact, according to the available reports, Iraq was warned of the attack well before it occurred, which allowed the forces present at the bases to be removed from danger, which in practice strengthens everything from an elaborate theater in which Trump is left with the laurels for the election campaign, without making the situation unmanageable. Again and as might be expected as soon as news of the absence of casualties and Iran’s unwillingness to continue the attacks came out, the futures and then the opening indices demonstrated that the watchword is “business as usual, “nothing should disturb the continuation of the uptrend, which has already allowed the S&P500 to reach a new historical high after Trump’s statements.
That said, we should not be clinging to the idea that there can be no periods of more intense volatility, because in election year this is almost taken for granted, and yesterday was the example even when S&P500 futures sank by almost 1.7%, and then begin to recover to the reasonable gains made on Wednesday’s session, thus providing a good entry for those following the “buy the dips” strategy.
