Why Wall Street is actually going higher after the U.S. bombed Iran
CNBC’den Jim Cramer said on Monday, Wall Street’s positive response to the US bombings on Saturday, the US -rich Middle Station in terms of oil is not related to the stock market “. Indeed, the US Petrol Benchmark West Texas was a modest lower at the beginning of Monday, and the S&P 500 rose at the beginning of Monday. Both raw agreements have emerged from the multi -month peaks seen over one night after a few variable trade since the first attack on Iran’s nuclear facilities on June 13th. Monday afternoon, both WTI and Brent, WTI and Brent, 1:50 PM Et-Iran’ın passed more than 5%. However, the Qatar army said that the air defense successfully seized the missile attack and that no losses have been reported. The market was dragged between green and red for a part of the session on Monday, but as the oil decreased sharply, it increased higher in the afternoon trade. As the Israeli-Iranian conflict increases, a reflection of the dynamics that the club calls last week: oil prices will greatly affect the stock market at such a tense geopolitical moment. @CL.1 1D Mountain WTI One day Trade Petroleum Analyst Helima Croft, in a CNBC interview, said that energy traders were looking for a ramp for the conflict and some people could say this Iran attack “OK, we’re done for now,” he said. In the worst situation scenario for the oil market, Iran can close the Hormuz Strait, the only way to send it from the Gulf of Basra to the rest of the world. According to the Energy Information Administration, approximately 20% of global raw consumption flowed through the water road last year. President Donald Trump said on Monday that “everyone” should keep oil prices low in a social media broadcast on Monday, and that doing otherwise will “get into the enemy”. “Just to myself” has nothing happened this weekend? “I say. And I think it’s not China, it’s not Taiwan.” This is not strategic. Considering that there is tactics and tactics, people are just ‘okay. Let’s see how this is played ‘he says. “This is not as relevant to our markets with our markets.” He said. The S&P 500 increased by more than 0.7% at the highest levels of the session of Monday. .Spx 1D Mountain S&P 500 One day trade is one of the biggest reasons for the measured reaction, according to Cramer, the global energy market looks very different than decades of US oil production. Currently, the United States does not seem to be shocked by an important oil supply, Cramer says that the US is a belief that the US is “plenty of oil”. While investors watching the Middle East, Cramer pointed out the hurry of positive headlines for individual companies that remove stocks. A report of potential consolidation in the banking sector included strong gains on Friday to increase Melius Research’s Chipmaker Advanced Micro devices on Friday. “There’s nothing just saying, ‘[Iran] The following companies will give a pallet. ‘So, I want to know where Achilles’ heel is for the market. But not stablecoins. Not merger. This is nothing. “(Look here for the full list of Jim Cramer’s philanthropist’s confidence in the confidence of the philanthropist.) As a subscriber to Jim CNBC Investment Club, Jim will receive a trade warning before making a trade. of course.
