Dazed And Confused.
The stock market was open on Monday although the bond market wasn’t and it had its first chance to react to the latest flare up of the conflict in Israel and Palestine that broke out over the weekend. Wall Street tries to frame everything in dollars and cents, because, well, that’s its job - but it can often appear a little dazed and confused when it comes to having to suddenly price in geopolitical risk.
After a predictable dip at the open, stocks recovered to push into positive territory by the close, driven higher not only by bouncing from an over-sold position, but also by the market’s…
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