📈 War Rattles Wall Street

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Good Morning!

After Iran’s surprise attack on Israel yesterday, traders are anxiously waiting to see if the conflict escalates.

Grab your cold brew and let's get into it! ☕️👇️

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Iran launched around 180 high-speed ballistic missiles at Israel yesterday, marking an aggressive attempt to cause significant damage, in stark contrast to the more predictable drone and missile attack from April.

With tensions skyrocketing, the Middle East is inching ever closer to a full-blown regional war, as Israel has vowed to respond fiercely to the massive missile barrage from Iran on Tuesday night. The attack capped off a day of intense military escalation across the region.

“Iran made a big mistake tonight—and it will pay for it,” Israeli Prime Minister Benjamin Netanyahu warned, following the unprecedented missile assault.

Here’s how the markets reacted.

📉 US Markets Fell
US stocks closed sharply lower, with the Nasdaq Composite dropping 1.5% and the Dow Jones Industrial Average slipping 0.4%. The S&P 500 trimmed earlier losses but still ended down 0.9%.

📈 Gold Charges Toward Record High
Gold surged over 1.2% on Tuesday, holding near $2,650 early Wednesday as traders steered towards safer assets.

Why? With rising geopolitical tensions, gold remains the go-to haven for investors looking to avoid risk.

🛢️ Oil prices jump more than 2%
Oil prices jumped over 2% over fears that the conflict could disrupt regional crude supplies. On Tuesday, both crude benchmarks surged more than 5% before settling around 2.5% higher.

Why? Iran produces 4% of the world’s oil, and any retaliatory strike from Israel would likely aim at damaging its economy, with oil being a prime target. Additionally, Iran or its allies could strike Saudi oil facilities, as seen in 2019, or even block the Strait of Hormuz, a critical passage for global oil. "Any of these scenarios would send oil prices skyrocketing," experts warn.

🪖 Defense Stocks Hit All-Time Highs
Aerospace and defense stocks surged to record highs as Wall Street reacted to the escalating Middle East conflict, expecting increased military contracts. Lockheed Martin and RTX hit all-time highs Tuesday, while L3Harris and Northrop Grumman reached their highest share prices since 2022.

🔻Bitcoin Drops
Bitcoin plunged over 6% at its lowest point, with 24-hour losses settling at 3.5%, marking its sharpest drop in over a month. This dip represents the worst start to what is typically the asset’s most bullish month.

Non War News

• Nike Stock Sinks as Sales Dive 10% (Tradingview)

• Amentum Stock Reverses Its Gains After Joining S&P 500 (Investopedia)

• Dell CEO sells shares worth over $1.2 billion, stock drops (Investing.com)

• Paychex stock jumps nearly 5% after earnings (Finimize)

• The biggest risk in real estate (Ben Carlson)

• Anthropic hires OpenAI co-founder (TechCrunch)

• The house-price supercycle is just getting going (The Economist)

Our Recommendations:

💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

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