This is the main event of the night! Powell's speech at midnight coincides with Iran possibly causing trouble!
If missiles really take off, the spotlight on the Federal Reserve Chair will be completely overshadowed!
In this day and age, when geopolitics makes a stir, monetary policy has to take a backseat. Right now, the whole world is worried about Iran developing nuclear weapons, but to be honest, if they were really planning to quietly make a fortune, they would have announced it to the world by now, right? Can the US and Israel still remain as calm as they are now? So let's not scare ourselves with the nuclear threat for the time being.
If you ask me, if Iran really takes action tonight, it's highly likely to be something big, a rain of hypersonic missiles! After all, they neither have the courage nor the means for nuclear bombs right now, but showing off their missile capabilities can both vent their frustrations and test the international community's bottom line—what a high cost-performance ratio!
The market's reaction is also intriguing: gold remains completely still, safe-haven funds aren't fleeing in panic, but risk assets are the first to drop as a sign of respect. The global environment is already murky, and capital is taking the opportunity to run away and avoid suspicion, which has little to do with the Iran situation.
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