Market Dips Slightly on Escalating Middle East Tensions

Excerpt from Louis Navellier's Marketmail - 7/23/2019

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After reaching another all-time high last Monday, July 15, the S&P 500 remained right around its new plateau of 3,000 before falling late Friday to close down 1.23% for the week. The essence of the reason for the decline was escalating tensions in Iran. President Trump on Friday said that Iran is “nothing but trouble,” and said the standoff with Tehran will eventually work out “very nicely.” Trump also said that “Iran is showing their colors” with the seizures and added that “Iran is in big trouble right now,” because its economy has been crippled by economic sanctions. Since Iran’s hostile actions have offended many allies, the pressure for Iran to return to the negotiating table continues to mount. There is growing hope that Iran will cease its hostile actions in the Strait of Hormuz when it returns to the negotiating table.

Oddly enough, crude oil prices fell sharply last week on the anticipation of any impending talks with Iran. This should help keep inflation low and support the Fed’s continued inclination to cut key interest rates.

IBryan Perry writes on an investment sector that has been in the dumps but is now on the move, energy infrastructure ETFs – along with some top recommendations. Gary Alexander writes about the Freedom Fest, where he and I spoke last week, covering some of our panels and other speakers of interest. Ivan Martchev writes on the interesting confluence of central bank strategies – seemingly offsetting each other in a twist on the movie “Analyze This!” Jason Bodner writes that market “stop” (or “sell”) signs can be as rare and hard to find as stop signs in Paris. Then, I wrap up with a look at the economy and world events.

Income Mail: Energy Infrastructure Is Making a Sudden Move

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Growth Mail: Highlights from Last Week’s Freedom Fest

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Some Other Panels (by Louis and Gary)

Global Mail: Analyze This! -- Central Bank Edition

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The Stealth Credit Multiplier Effect

Sector Spotlight: Is the Market Approaching a Stop Sign?

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Does an “Overheated” Market Imply a Coming Crash?

A Look Ahead: Will Economic Sanctions on Iran be Temporarily Lifted?

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The Latest Economic News Points to a Rate Cut on July 31