Market When Closed, Sunday 15 June

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It Depends

by Alex King, CEO, Cestrian Capital Research, Inc

I don’t know where the market moves next; I don’t think that the Israel / Iran situation is an over-as-quickly-as-it-began incident which is what the market has come to expect from this kind of geopolitical flashpoint. I suspect it is going to be a longer, drawn out conflict and nobody, nobody knows what that does to the oil price in the real world or what that does to securities prices in the Great Wall Street Videogame.

Let’s take a look at where markets stand. In place of the usual short-term ETF charts I’ve used futures, since at the time of writing they have just started trading.