#IsraelIranConflict Last night, Israel attacked military and nuclear targets in Iran. The published information indicates that it was done precisely and effectively. Iran responded to the strike. Allegedly unsuccessfully.

The stock market and crypto markets responded with declines. This is not surprising. Oil is up, gold is up – "investors are fleeing to safe havens", a classic. This morning, it looked to me like a "one-day military action", and starting Monday it would be calm and "business as usual" and the markets would rebound. But it seems that won't happen because Iran says this is a declaration of war.

I am not a military expert, but Iran probably does not have the resources to do this effectively. I only know that the longer this physical conflict lasts, the worse it will be for the markets, which means worse for us investors as well.