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the-stock-market-is-behaving-a-lot-like-it-did-during-the-iraq-war-here’s-the-future-if-the-pattern-continues.

The stock market is behaving a lot like it did during the Iraq War. Here’s the future if the pattern continues.

By BizTech Weekly Apr 7, 2022

The Iraq war of 2003 doesn’t have many parallels to Russia’s invasion of Ukraine, other than perhaps global unpopularity. But there seems to be at least one parallel — how stocks have behaved, as this chart shows. In Europe and the U.K., most stocks are still below their 200-day moving averages in Europe and U.S., it is about half — 51% of S&P 500 companies are below average. Analyst: If stocks were to continue the Iraq path, there would be sideways moves over the next 10 trading days but some 5% to 10% upside over next two months. With stocks in the spotlight, it might be worth taking a long-term perspective, commodities are worth taking the spotlight . . .

Read more at www.marketwatch.com

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