22 years ago today, the US invaded Iraq
And just like the Iran v Israel situation, everyone expected a market crashWhat happened after the invasion:• S&P 500 bottomed on March 11, nine days before the invasion• By year-end the S&P was up 22%• Halliburton up 36% that year• Oil dropped from $37 to $25 as the "war premium" vanishedThe S&P did a V-recovery before a single boot hit the ground
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