Defense Stocks, Crude Oil Rise as Israel Attacks Iran
Schwab Network · Schwab Network
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Show Notes
After Israel's targeted attack on Iranian military & nuclear sites, equity futures fell while crude oil and defense stocks rose higher. $100 crude "could happen" but KG says there would have to be significant developments for that to occur, adding it's not something to be concerned about now. He discusses how the market's reaction to this development compares to past geopolitical conflicts. For Friday's session, he's watching the S&P 500 (SPX) downside range to $5900, with a recovery upside to near $6040.
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