Defense and oil are a sure thing on the stock market these days!
Israel promises severe revenge
The missile attacks from Iran on Israel yesterday have put the situation in the Middle-East on another level. The iron dome did its work, but still there were casualties in Tel Aviv. Now Benjamin Netanyahu has promised that the revenge on Iran will be severe, and by that we can say the escalation goes further. Israel is now fighting in Gaza, Lebanon, Yemen and promises to do the same in Iran...
Now, my post is not about the war, because the situation is too complicated to even gather is a thousand posts. But about how the stock market reacts to all of this. Because, whether we like it or not, life goes on, and money needs to be made. The stock market does its thing!
Oil and defense
The reaction today on the stock market speaks for itself, defense stocks and oil related stocks move upwards sharply. And they will be for some time. This war is far from over, so these two sectors are a sure bet for investors. The daring ones could even short tourism stocks, because that is a sector that is badly affected by this escalation. War makes people afraid to travel and the kerosine gets more expensive, so there is less margin for the holiday sector...
I know this is for some people harsh, because people are dying in this war every day. But we can not put a blind eye on, and not look at the markets.
Stay safe, people!
Sincerely,
Pele23
Posted Using InLeo Alpha
Whenever there is a war, there is a similar atmosphere, prices go down and the price of gold goes up.