The market went on a wild ride last week, ending with a big 185-point rally in the Dow that put the major indexes modestly in the green for the week. But thanks to elevated geopolitical risks, traders have got that risk-off feeling. “Risk aversion rules,” Societe Generale’s Kit Juckes said. “The Ukraine conflict shows no sign of being resolved (rather, there’s far too high a chance of escalation for comfort). [T]he U.S. has approved limited airstrikes in Northern Iraq. The conflict on Gaza, too, is in danger of re-escalation. Investors have plenty of reasons to take risk off the table …read more
Source: Business Insider
