“We should all be bracing for a ferocious response. The stage is set for a retaliatory spiral that could keep markets on edge well into 2020.”
–Helima Croft, chief commodities strategist at RBC Capital Markets, on what to expect from markets this week in the wake of the U.S. assassination of Qassem Soleimani. The killing reverberated through Middle Eastern markets, sending stocks nosediving and setting the tone for what’s likely to be a volatile week. [Bloomberg.com]