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Bulls Retreat to the Bunker During Middle East Tensions

A call for worldwide Jihad on Friday the 13th by the leader of Hamas triggered a risk-off atmosphere.
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Bulls Retreat to the Bunker During Middle East Tensions
A smoke plume erupts during Israeli bombardment in Rafah in the southern Gaza Strip on Oct. 19, 2023. Said Khatib/AFP via Getty Images
Bryan Perry
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Commentary

Before Hamas’s invasion of Israel, the stock market was teed up for a seasonal year-end rally. There had been lower-trending economic data to offset the still-stubbornly inflationary data to keep the bond market in check, and the dollar continued to trade higher, attracting foreign capital from around the world.

Bryan Perry
Bryan Perry
Author
Bryan Perry is a senior director and senior financial writer with Navellier Private Client Group, advising and facilitating high-net-worth investors in the pursuit of their financial goals. His financial services career spanning the past three decades includes over 20 years of wealth management experience with Wall Street firms that include Bear Stearns, Lehman Brothers and Paine Webber, working with both retail and institutional clients. Bryan earned a B.A. in Political Science from Virginia Polytechnic Institute & State University and currently holds a Series 65 license.
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