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War against Iran to escalate as we approach six-week ‘TACO' timetable, analysts say [Fortune]
Last nvidia corporation earnings: 2/13 04:20 pm
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War in Iran is set to escalate. New jobs number incoming. Europeans increasingly decline to answer questions about their savings. THE MARKETS The ‘bog of war' Oil rose above $115 again this morning. The S&P 500 is down 7% year-to-date, and down 9% from its most recent peak. S&P futures were up 0.45% this morning but, obviously, U.S. stocks are within a point of going into an official correction. Recommended Video “The fog of war is getting thicker because of the likelihood of U.S. boots on the ground (the 'bog of war'),” Ed Yardeni of Yardeni Research told clients over the weekend. “The S&P 500 is down 8.7% from its record high on January 27. It fell below its 200-day moving average last week. A 15% correction would take the index down to 5930.81. … No wonder investors went into fetal positions last week. The good news is that sentiment is getting very bearish, which is bullish from a contrarian perspective.” Asia and Europe were down across the board this morning.
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