Can U.S. End This War?

Markets Overview

The month has not been great so far, with the ongoing war remaining at its peak. While there were murmurs from the US administration following the market close on Friday regarding a desire to end the conflict, a resolution may not happen solely on US terms.

Although significant damage is already done and there may not be an easy path back, markets remain unpredictable. Once investors sense a positive path ahead, even if it is six months away, they will begin pricing that in.

The past week was mixed, featuring three positive updates before a collapse triggered by damage to energy infrastructure. Until Wednesday, while the war was escalating, supply chains seemed to be easing as India received oil tankers through the Strait of Hormuz.

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There is a visible sigh of relief among market players as the week comes to a close, offering at least two days where the markets cannot go down further. A joke currently circulating in the market suggests that FOMO has a new name: “fear of market opening.” This level of anxiety often leads to poor decision-making, though the small bounce seen today is certainly welcome.

A significant point of discussion today is the price of gold, which has been slammed down over the last 24 hours. After trading near 15,800 or 15,600 on a 10-gram basis, it suddenly dropped to 14,200 and is currently trading at 14,800.

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