Thomas Parry Jones @thomaspj: "Market Update Dear investors, Apologies for the..."

United Kingdom

Market Update Dear investors, Apologies for the later post - I’ve been monitoring developments throughout the day before commenting. Following the escalation in the Middle East over the weekend, markets initially opened around 1% lower but have since recovered most of the move. We’ve seen sharp weakness in $IAG and $RR.L (Rolls-Royce) given exposure to air travel and jet demand. If uncertainty persists, flight volumes are likely to soften, so I’ve been reducing exposure to IAG accordingly. On the other side, defence names and $GLD (SPDR Gold) have moved higher as expected. Interestingly, $SLV (iShares Silver Trust) has fallen. My view is that some newer participants holding silver alongside risk assets have been forced to reduce positions to manage margin exposure. For that reason, I’ve been adding to $SLV at these levels. Over the coming week, I’ll look to gradually rotate some defence exposure back into risk assets where appropriate, depending on how the situation develops. Geopolitically, the situation remains highly fluid. There is no clear leadership outcome emerging from Iran, and much depends on how regional dynamics evolve from here. With so many moving parts, flexibility remains key. As always, I’ll continue to monitor developments closely. Thanks, TJ

3 Mentioned

RR.L

Rolls-Royce

GLD

SPDR Gold

SLV

iShares Silver Trust

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