r/PublicFreakout • u/SpriteSilver6 • Oct 01 '24

🌎 World Events Missile impacts in Israel

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u/fattytuna96 Oct 01 '24 edited Oct 01 '24

Markets are a bit down because of the dockworker strikes

160

u/BlackStorm615 Oct 01 '24

All this plus Q4 starting makes for a volatile market day

24

u/nekonight Oct 01 '24

Not to mention the recent China manufacturing stats does not look good.

Plenty of reasons for markets to go down beyond war in the middle east which the market has been preparing for 6 days short of a year now.

3

u/riley_srt4 Oct 01 '24

Mind informing the uninformed?

59

u/Wbcn_1 Oct 01 '24

He’s a salesman, not an analyst. 

6

u/Micycle08 Oct 01 '24

Well, Lockheed/Northrop/Raytheon just haven’t figured out a way to shoo… profit from their death liberate(?) those dock workers. Yet…

1

u/StickersBillStickers Oct 01 '24

There is power in a union 💪🏼

1

u/ContentInsanity Oct 01 '24

Thats not all they said. They said defense contractor stocks went up despite everything else going down. Defense contractor stocks always spike right before a major incident, without fail. These acts of "retaliation" are also communicated via back channels before they actually happen, so its not like the stocks just so happened to be up.

2

u/druuuval Oct 02 '24

As a general rule of diversification I always keep a few war stocks in the portfolio.

Cause I was raised in America and I know that at any given moment, we are probably an incident away from invading somewhere to bring peace and prosperity to someone who hates us

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u/SpiritOfFire013 Oct 01 '24

For sure, there are a myriad of variables, but geopolitical tensions are a part of the tapestry.

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u/fattytuna96 Oct 01 '24

Dockworker strikes are a bigger component, Israel has been at war with Iran for a while now and the market is constantly pumping to all time highs. Dockworker strikes on the East Coast directly affects the US consumer supply chain and is argued to have a greater impact than the Middle East ongoing conflict

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u/SpiritOfFire013 Oct 01 '24

Not in regards to mil/aero though. I’m not saying it’s the only reason the market is down.

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u/Anon159023 Oct 01 '24

Milo/Aero is less impacted by the strikes, there is less just in time deliveries and more in house manufacturing.