RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

To nobody’s surprise, the ongoing issues/conflict with Iran are continuing to affect the U.S. futures markets. The Dow Jones, Nasdaq and S&P 500 futures are all down this morning after last Thursday’s U.S. airstrike killed Iranian General, Qassim Soleimani. When the morning numbers came out, the Dow was down .5% with the Nasdaq and S&P 500 down .6% and .45% respectively.

Futhermore, Iran also announced that they will be exiting the 2015 Nuclear Deal and said that they will no longer be abiding by the agreed upon uranium enrichment limits. Adding more suspense and intrigue to this developing situation, Iraqi parliament voted in favor or removing U.S. troops from within their border. However, the next prime minister will be the one who has final say. President Trump did not take well to this vote and said U.S. troops will not leave Iraq unless the country agrees to pay billions of dollars in reparation for the U.S. constructed military base.

The situation is certainly heating up and we are all on the edge of our seating waiting to see where this goes.

RJOF Editorial Team