Financial markets have long ignored geopolitical risks. But the recent escalation in the Middle East could change that.
Frank Kelly, the founder of the analysis firm Fulcrum Advisors, suspects that this could change. Kelly predicts there will likely be a so-called flight to safety on Monday. He is convinced “that Israel will respond clearly to the attacks from Iran and that all possible targets will be considered.” For the first time in the history of the Islamic Republic, Iran directly attacked its arch-enemy Israel. Israel's military was able to intercept 99 percent of the projectiles fired from Iran on Sunday night - also thanks to the help of the US military. The Israeli people have demonstrated “extraordinary resilience,” Herzog wrote on the X platform (formerly Twitter) on Sunday morning, adding: “Bless the coalition of nations led by the USA’ and its president. “Be blessed, dear soldiers and commanders,’ Herzog said on the platform.