Yesterday we witnessed a truly consequential global event. But not for equity investors.
The world needs to pay attention to anything that ratchets up tensions in the Middle East, and the spectacle of Iranian missiles being thankfully intercepted over Tel Aviv was gripping and momentous. Thankfully, we have not yet seen the conflict escalate, and even though the possibility for a resumption of hostilities is ever-present, we don’t see that concern reflected in key asset prices.
↧