Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
G Sachs on US Blockade of Hormuz Strait: US Equities Jumping into Final Showdown
Recommend 4 Positive 3 Negative 2 |
||||
|
||||
|
The US announced that it will impose a blockade on the Strait of Hormuz starting at 10:00 a.m. Eastern Time on Monday (10:00 p.m. Hong Kong time tonight). Goldman Sachs warned in a commentary that US equities have been drawn into a final showdown. During the latest round of Middle East conflict, the S&P 500 recorded a maximum drawdown of about 9%, and it largely recouped the losses within days after a ceasefire announcement, in line with historical patterns. Before a negotiated agreement is finalized, however, the market's risk-reward profile remains unattractive before a negotiated agreement is finalized. Although the current situation is still unresolved, the market has already rebounded to near historical highs. Technical indicators appear favorable in the short term, but without a comprehensive negotiated agreement, it is difficult to expect meaningful buying interest. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
