Wall Street has closed with a mixed sign this Friday (Dow Jones:+0.08%; S&P500: -0.22%; Nasdaq: -0.51%) After staying closed on Thursday by the End of slavery in the US (JuneTeenth), with investors attentive to Conflict between Israel and Iranand while Donald Trump Make a decision on whether Tehran attacks directly. The American President has given himself a two -week period. In it weekly computationNew York indices have ended a mixed week, in which the Nasdaq has risen 0.20% and Dow Jones has won just 0.02%, while the S&P 500 It has dropped 0.15%. «Trump says that two weeks will be taken to decide whether the US is directly involved in the Israel/Iran war and that will seem like a kind of respite,» they say in Bankinter. «An appointment is not marked with the enemy to attack him. Not even Trump. The approach reminds Gila's shorts about the enemy. Therefore, The passenger serenity provided by those, supposedly, two weeks that Trump refers to a distrustful statement«In this sense, entity analysts comment that in Iran (Shiite Muslim Country) on Fridays are the weekly holiday.» Today is Friday. Israel began its military campaign against Iran on June 13, which was Friday. By the way, That supposed two -week period coincides with July 9date on which Trump says he will define what are the tariffs that will apply to most countries. Therefore, it is as if the market interpreted that now a couple of calmer weeks come. But that approach is not reliable. «»The worsening of the global geopolitical climate maintains cautious investors And it will probably prevent them from assuming too many risks before the weekend. While the news that the United States gives two weeks to decide whether it will intervene in Iran – which is slightly better than the previous reports they suggested that they would intervene this weekend – has somehow relieved the tensions, «says Ipek Ozkardeskaya, Swissquote Bank's senior analyst, who He does not think he is sure that the United States decision to gain time can be interpreted as a Descaled signal. From Link Securities, on the other hand, they emphasize that Trump prefers to dilate in time his direct support to Israel for several reasons. First, they cite the rejection of the same that generates within the Maga Movement that led him to power, an isolationist movement that rejects the intervention of the US in international conflicts. The second aspect to which they refer has to do with the Russia warningspecifically of his «friend» Putin, who had so far remained on the sidelines, that An American intervention could lead to very negative consequences. «That is why we think that Trump will choose to wait to see if Israel herself is able to do the 'dirty work' and end the Iranian nuclear program, thus avoiding the very negative consequences that a direct intervention of the US could entail in the conflict, «they say.
Quadruple Witch
And all this is a session of 'Quadruple Hora Witch' because there is expiration of futures and options on indices and actions. «The quadruple expiration of derivatives occurs on the third Friday of March, June, September and December. In those days It is decided whether these derivative contracts are expired or if the next expiration is renewed (Roll Over). The expiration is the deadline to which an option can be executed or to which a future expires, «they explain from Bankinter. Generally (95% of the contracts) the Roll Over is carried out during the week of the expiration, so only 5% of the positions do it on the corresponding Friday.»Futures are settled at the end of the market to preventhypothetically, A high amount expiration (or several of them coordination) distort the closure of an index«The entity experts add.
Other markets
In other markets, oil West Texas has dropped 0.19% ($ 75.00) and the Brent has yielded 2.12% ($ 77.19). For its part, the euro 0.25% ($ 1,1523) has been appreciated, and ounce of gold has lost 0.74% ($ 383). In addition, the 10 -year American Bonus Profitability has yielded at 4,381% and the Bitcoin has lost 0.84% ($ 103,402).
