War—what is it good for? Usually not markets. So far, however, rising geopolitical tensions this year haven’t been enough to derail investors’ attention, although it creates one more speed bump on stocks’ road higher.
That begs the question, which comes first, the bear market or the war? That’s the wrong way to frame the issue, however, Zimmerman argues, as he believes they arise together when societies feel they are devoid of other options. Investors are of course worried about the conflict, but as Seven Report’s Founder and President Tom Essaye writes, their flight to safety last week after the initial attack led them to Treasuries, pushing the prices of those higher, which consequently had the opposite effect on their payouts. “An escalation in the military conflict between Israel and Hamas sent yields lower, and regardless of the reason, lower yields have been good for stocks recently.
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