Amid the unprovoked Iranian terrorist attacks, the United Arab Emirates unequivocally rejects any aggression targeting its security or sovereignty, and affirms that it remains steadfast and fully prepared to respond decisively to any threat.
The UAE will not tolerate any attempt to compromise its security or territorial integrity, and will act with absolute resolve to protect its citizens, residents, and visitors, and defend its national interests.
Everyone asking WHY IS THE MARKET TANKING!?!?!?!
Simple. Uncertainty.
- Potential conflict in the Middle East
- Unclear who will be US president
- Rate cuts
War is bearish short term (and ethically)
Once more clarity is there or wider news reports, that is “priced in”
Presidential situation is a coin flip atm, and tbh if anything Harris taking a lead right now outside the crypto echo chamber. Market had started to price in republican win, that’s now uncertain hence sell pressure
Rate cuts, short term mean we are in fact (we have been) in a recession. But it takes a little bit of time for $$$ power to restore and people to be able to take low rates and make more money.
So in short
TLDR
Let news report on conflict + president (prolly next 30 days clarity)
Let interest rate cut happen (September)
Resume up only.
Ty for coming to my dog talk.
@bassel_amin You know it is not about how good the animated picture is, it's all about the story. Like in the case of Berserk, the animation sucked but I still watched it.