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In a week that shifted between wins and losses, Friday's session ended up on the wrong side. The major indices all sank to yet another weekly loss as both the Dow and Nasdaq fell into correction territory.
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the very latest news on the conflict, and the impacts, updates can be found here.
War in the Middle East always sparks big concerns over the global oil supply. Past conflicts have caused shocks of all sizes, some big, some small, but now, analysts believe, this shock will surpass them all.
Not surprisingly, U.S. consumers are not thrilled with the potential impacts of the war. The first sentiment survey compiled only after the war's start found optimism falling across every demographic group.
The war in the Middle East will of course, be the top story again this coming week. The markets will close up a day early for Good Friday, but the news will continue that day with the latest jobs report data.
Trading moves made Monday just before the President's positive news on the war would raise lots of eyebrows and one big question: was insider trading behind the suspect timing and the massive payoffs?
Investment advisory services offered through Integrated Advisors Network LLC, a Registered Investment Advisor