Geopolitics in the Middle East has soured further after Hamas' unprecedented attack on Israel this past weekend. Our sympathies go out for everyone suffering. Mercury is rising as Israel started retaliation and prepared for a possibly long war. The extent of this conflict seems unclear at this point as US and the world work to prevent the conflict from broadening. Oil prices have obviously jumped and adding macroeconomic/inflationary uncertainty to the volatile geopolitics. All three major US indices are in the mild red this morning (PST) as investors remain watchful. This week will also see start of Q3 earnings results, economic data and commentary from Federal Reserve officials that might set the tone for the markets.
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