Metaphorically, shockwaves from the unprovoked attack were felt worldwide. In Japan, China and the Far East, stock indices were down across the board. In Europe, the same, with Germany's DAX and Spain's IBEX taking the brunt of the selling, each down more than one percent.
England's FTSE opened down 60 points, but recovered to nearly unchanged midday. Apparently, the Brits feel that war is good for stocks, which, in the case of arms suppliers is probably true, but overall, it's a pretty poor proxy for making money in the stock market. Stocks like Lockheed Martin, Raytheon, and other defense contractors will likely benefit from increased tensions, but, for the most part, war is good for nothing more than increasing the deep state's stranglehold on the world's economy.
President Trump, who campaigned on being a "peace president" said the U.S. had nothing to do with the strike on Iran, which is almost certain to be untrue, just like saying the U.S. knew nothing about the drone attacks on Russia's nuclear-capable bombers a few weeks ago. So much for Trump's image and his deal-making skills. He had been trying to persuade Iran to halt its nuclear program, which the nation said was purely for peaceful purposes, but failed to convince the Iranians to seek a peaceful solution.
This morning, he's warning Iran to "make a deal", supposedly intended to scare them off any retaliation against the belligerent aggressors in Tel Aviv. The whole affair - and on a larger scale - the entirety of international geo-politics reeks of deep state undertones. South Carolina Senator Lindsay Graham is absolutely thrilled at the prospect of World War III, tweeting Thursday night, "It's on." Many Americans wish the senator would go and do his own fighting instead of cheering on death and destruction around the world.
As far as U.S. stocks are concerned, stock futures are down, but well off their lows from earlier. at 9:00 am ET, Dow futures are down 400 points. NASDAQ futures are off 270, and S&P futures are down more than 50. It would be a shame to see the little gains for the week wiped out on Friday, but, the way the game is being played, there are probably plenty of insiders with options plays that will benefit from a downturn, though, realistically, markets are likely to turn positive as the session develops. It's just a sick set-up.
As of Thursday's close, the Dow had posted a gain of 204 points for the week. NASDAQ was higher by 132 points, and the S&P was up nearly 45 points. Screams of all-time highs had been heard through the canyons of lower Manhattan for the past two weeks. Perish the thought that a little World War would upset such carefully-crafted plans.
One of the beneficiaries of the Iran strikes is gold, which actually is at an all-time high, hitting $3,456.80 per ounce prior to the opening bell. Silver, since it had its moment in the sun earlier this week, is not participating in the rally, despite it being an essential element in missile technology. The people in charge of your money just can't allow anything that was money for more than 5,000 years to rise to its true level, which, using a gold:silver ratio of 20, would be around $172 an ounce. The military needs that cheap silver, you know, so they can blow up things without going too far over budget.
Oil was the commodity most affected in a positive way. Just as gas prices were hitting multiple-year lows, WTI crude oil spiked to nearly $76 overnight. Back in early May, WTI was trading in the 50s. So, Israel, on the pretext of destroying Iran's nuclear capability (completely unproven), has saved the U.S. shale industry.
Pick a side.
Globalists are such a-holes. Trump’s presidency, thus far, is a dismal failure on geo-political grounds and just about everything else.
At the Close, Thursday, June 12, 2025:
Dow: 42,967.62, +101.85 (+0.24%)
NASDAQ: 19,662.48, +46.61 (+0.24%)
S&P 500: 6,045.26, +23.02 (+0.38%)
NYSE Composite: 20,199.49, +80.40 (+0.40%)
Posts
No comments:
Post a Comment