The financial markets have been precarious this past week as tensions between Israel and Iran ratched up
Posted By RichC on April 13, 2024
Iran has threatened to retaliate for an attack in Damascus, Syria, that Tehran said was an Israeli airstrike on a diplomatic building. The strike killed several top Iranian military officials, including a senior member of the Islamic Revolutionary Guard Corps’ elite Quds Force. According to the WSJ on Friday, “the U.S. rushed warships into position to protect Israel and American forces in the region, hoping to head off a direct attack from Iran on Israel that could come as soon as Friday or Saturday.”
After a solid first quarter for investors, the markets jitters are probably normal considering the geopolitical events … but added to that were inflation numbers rising again putting a damper on the thought the Federal Reserve cut rates in June. Now June cuts look off the table and cuts by the end of the year look questionable — unless you believe the Fed will act political because it is an election year?
While reading the last three issues of Kiplinger’s, I found the Berkshire Hathaway trading interesting and wanted to archive the chart … who doesn’t pay attention to Warren Buffett?
For something a little less worrisome … I do enjoy tuning into FoxBusiness and Varney & Co over my lunch break. I rarely miss the trivia question while making my salad and will highlight the Jimmy Buffett and Alan Jackson end-of-segment music selection that I forwarded to Taylor and Megan yesterday. 😊