Market On Open - Monday 15 April
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Now What?
by Alex King
The market playbook for regional conflict is fairly well established which is, sell the tension and buy the aftermath. Last week Iran had telegraphed (or Telegram’d, more likely) that it was intending to attack Israel by air; tensions and volatility rose. Saturday the attack; Sunday the Iranian declaration of no further escalation. What happens today, tomorrow, is anyone’s guess, but markets for now - it’s 5am Eastern at the time of writing, so there’s not a great deal of volume to tell the real story - are following the playbook. Equity futures are up; also the 10yr yield is up which may indicate no ’rush to safety’ to US treasuries; oil futures are flat (you would expect up if the market was concerned about a wider Middle East conflict). The rider for all this is (1) events may take a turn for the worse and (2) the close today will be a lot more important than the open as far as price discovery goes.
We refresh all our charts below - equities, oil, bonds.
As always, this is for our paid tiers here. If you’ve yet to sign up? You can do so from the links below. Choose “Market Insight” if you want our investment notes only; choose “Inner Circle” if you want investment notes, real-time trade alerts, live weekly webinars and recorded videos, and of course a live 24x7 investor community chat service. Monthly and annual subscriptions available - right here.