Watching this unfold in real time, I’ve been amazed at how slowly this has all be disseminated. These tweets from two of the biggest news services are literally an hour after we first started reporting on this attack. I think the slow reporting has something to do with the slow legs down in the market. […]
Now we know why US equities took a dive midday. Bloomberg’s Jennifer Jacobs reports that Israeli officials notified the US earlier today they planned to retaliate in the next 24-48 hours, citing sources. I’m going to guess the notice was given right around 11 am New York time: This article was written by Adam Button […]
It looks like Iranian officials don’t want to beat the war drums any harder. One on the wires: “There’s been no airstrike in Isfahan or other parts of the country. They only made a failed and humiliating attempt to fly quadcopters, and they were all shot down.” Other local reports: – Drones, not missiles – […]
Well, there were a few days there where it looked like everyone would settle down and no one else would get killed. I guess we were all naive. Israel appears to be striking Iran and at this point, the best we can hope for is that the damage is minimal and casualties are low or […]
The market is in ‘duck-and-cover’ mode but there might be some good news crossing as a US official tells ABC that Isreal conducted a strike on ‘a target’ in Iran (not multiple targets). So maybe it’s light enough to be let go by Iran? Or maybe I’m naive. This article was written by Adam Button […]
To be honest, I’m a bit surprised at the second-leg down in risk assets after headlines from ABC crossed the wires with a US official confirming the attacks. Here’s another US official who always likes to share what he knows from classified briefings. I think he’s pretty much telling us what happened. This line of […]
Two separate rumours/reports are doing the rounds right now. The first is that there was a radar batallion hit in Syria near the city of Izraa. The second is that there are ‘explosions’ near the city of Isfahan in central Iran. It’s a major city of 2.2 million. Now I imagine we will get this […]
What happened? The market party has been raging all year and suddenly everyone has a hangover. The S&P 500 has fallen four days in a row and today the Nikkei is down 2%. The pain is starting to bleed over to FX as well with AUD/USD on the backfoot in early Asia-Pacific trade. If it […]