There are only so many things a market can price in and today we got another stark reminder of how tenuous and volatile things remain in the Middle East. The most recent conflagration came as Iran fired ballistic missiles at Israel post their targeted ground operation in Lebanon. This was the best 9 months of the year since 1997. So perhaps with month/quarter-end books tidied up, a bit of selling was going to greet the opening of Q4 regardless, this latest conflict an easy excuse. There has bee…
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