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CNBC Mad Money July 13, 2024

Last night iran launched Ballistic Missiles at iraqi air bases that housed u. S. Troops and none hurt, nasdaq was higher about an hour before the close so is this market being resilient or are investors being complacent sell sell sell. Why not both. Thats what it needs a combination of these two forces first lets cover complacency. Few days ago the president of the United States ordered the killing of an extremely bad iranian general who has been major architect of state sponsorship in the region. Im not litigating whether that matter what matters most commentators immediately assumed we were headed for war with iran do not pass go do not pass 200 they figured both sides would keep escalating and saw the price of gold soar and same time the stock market ignored it. Even when it became obvious retaliation was imminent iran launched when the market closed more than a dozen air missiles and the overnight futures plummeted. Equal to 500 dow points. Next thing you know the president tweets

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