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But we saved everything 🙂.
Every market is down while oil rises, Mario Nawfal notes
Mario Nawfal, founder & CEO at IBC Group, highlights that all major markets including gold, silver, bonds, and stocks are trading lower today, with oil as the only asset showing gains.
He cites Professor Steve Hanke, who suggests that Israel is acting as a spoiler in the market, indicating that nothing moves without Israeli approval and that the strait will remain closed or dysfunctional for some time, potentially impacting oil prices.
Nawfal has previously commented on global market volatility tied to geopolitical developments. In an earlier report, he noted that Iran’s decision to suspend negotiations led to a surge in WTI crude prices and a drop in the S&P 500, as detailed here. He also highlighted a sharp rally in space and satellite stocks following the SpaceX IPO filing, covered in this article.
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