April 19, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Aggressive Buying

Please click here for a chart of S&P 500 futures (ES_F).

Note the following:

• The chart shows a big drop in stock futures on the news of an Israeli attack on Iran.
  • The strike targeted areas around Isfahan in central Iran.
  • Isfahan is known for a nuclear facility and also a drone factory.  Neither the drone factory nor the nuclear facility was struck.
  • Iran is downplaying the attack, claiming no damage was done.
  • By attacking Isfahan, Israel is sending a message that it is capable of attacking Iran’s nuclear facility.