Tehran launched around 20 ballistic missiles at 2 US bases in Iraq Tuesday evening. This attack was retribution for the US’s assassination of Iran’s top general Qassam Soleimani.
S&P 500 (SPY - Free Report) futures initially sold off over 1.6% following the attack but quickly retraced to positive levels. Today the stock market is hitting all-time highs, and oil (USO - Free Report) prices are down almost 5%, leaving some retail investors bewildered.
The primary explanation for this market reaction is that the retaliation was not meant as an initiation of war. There were no US casualties in last night’s attack because Iran wasn’t aiming to kill. Iran only wanted to flex its muscles and show that they could kill American’s if they wanted.
In the eyes of the market, this was tit-for-tat and would be the end of this conflict. Following President Trump’s address this morning, the markets pushed even higher touching fresh all-time highs. Trump reassured the markets that there would be no further military strikes on Iran.
Despite the US closing the books on this, Iranian’s Supreme Leader said this was not the end of its retaliation. Whether this is the end of the US-Iran conflict remains to be seen, but for now, the markets have priced in peace.
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Tehran launched around 20 ballistic missiles at 2 US bases in Iraq Tuesday evening. This attack was retribution for the US’s assassination of Iran’s top general Qassam Soleimani.
S&P 500 (SPY - Free Report) futures initially sold off over 1.6% following the attack but quickly retraced to positive levels. Today the stock market is hitting all-time highs, and oil (USO - Free Report) prices are down almost 5%, leaving some retail investors bewildered.
The primary explanation for this market reaction is that the retaliation was not meant as an initiation of war. There were no US casualties in last night’s attack because Iran wasn’t aiming to kill. Iran only wanted to flex its muscles and show that they could kill American’s if they wanted.
In the eyes of the market, this was tit-for-tat and would be the end of this conflict. Following President Trump’s address this morning, the markets pushed even higher touching fresh all-time highs. Trump reassured the markets that there would be no further military strikes on Iran.
Despite the US closing the books on this, Iranian’s Supreme Leader said this was not the end of its retaliation. Whether this is the end of the US-Iran conflict remains to be seen, but for now, the markets have priced in peace.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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