According to Israel, this attack (including the exact date) had been agreed months ago. Yesterday we saw:
1. yields drop (even after high inflation numbers were published);
2. gold increase;
3. oil increase; and
4. VIX increase.
All signs of massive risk off from investors. Yet, the markets only lost less than 1%, the markets all bounced from opening lows (after institutions dumped their positions), so assuming retail once again stepped in to “buy the dip”.
If this war escalates to boots on the ground and lasts more than a week or 2, definitely see a lot more pain in the markets. How long will retail sit on losing positions before also jumping ship?