Stocks slumped today as the recognition of what is happening in the Mideast and its economic consequences penetrated the fog of AI bubblemania.
The dollar rose.
Gold and silver fell in the related impulse to increase trading liquidity.
Bitcoin slipped from the top of its trading range.
The impact of the price of oil is not fully priced into the markets, although it is starting to creep through.
I have included a map of Iran with population density superimposed over a map of continental Europe.
Have a pleasant evening.
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