TRUMP ACTED ON IRAN WHERE OBAMA AND BUSH PUNTED — HERE IS WHAT IS NEXT $DJIA $SPY $USO $CLG20 $QQQ $AMZN $AAPL $FB $MSFT $MU $AMD $WDC $TSLA $APA
President Trump acted where his two immediate predecessors, presidents Obama and Bush, apparently punted by killing Iranian Gen. Qassem Soleimani.
After Soleimani was killed and the stock market was falling, I said his death may not be as significant for the stock market as it seems. Now Iran has retaliated by shooting missiles on bases in Iraq where American soldiers are stationed.
Let’s figure out what is next for investors in the stock market with the help of three charts.
Charts
Please click here for an annotated chart of oil futures CLG20. I am not using the chart of popular oil ETF USO because it does not trade around the clock.… Please click here or the title below to read more.
January 8, 2020