Investors should remain “cautious and consistent”, says Nigel Green, founder and CEO of deVere Group, in responding to the U.S.-Iran conflict.
Last Friday, a U.S. air drone killed top Iranian general Qassim Suleimani, commander of Iran’s elite security and intelligence forces. Today, U.S. President Donald Trump planned to deliver a speech from the White House to discuss the confrontation with Iran, after Tehran launched airstrikes on two bases housing American troops in Iraq.
Green released the following message, “Geopolitical tensions are certainly heightening, and this always creates uncertainty – something which markets typically loathe as it becomes more difficult to know where things are headed. In other words, they can’t price uncertainty.
“In many regards, the U.S.-Iran situation has now surpassed the trade war as the biggest risk to financial markets. This has been reflected in the current volatility.”
He continued, “Investors m