Israel Attacks Iran Analysis

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning. Bretton Woods Three is a Process, Not an EventToday:* Premium: Goldman, Citi, SEB on Israel* Commentary: Israeli AttackMarkets Yesterday:US equities continued to decline on Thursday as investors weighed still-strong inflation and economic data against future rate decisions by the Fed.Premium: Attached: Goldman, CITI, trading desks and MUFG on commodities…Commentary:What happened: * Israel retaliated by hitting an Iranian military base with drones apparentlyHow bad was it: * Secondary target, F-14 tomcats, weak attack, drones, Market Reactions: * geopolitical panic selling, then recovery as things seem to be playing out this was another kabuki theater attack. Iran response:* Iran has no plans to strike Israel back immediately, Reuters reports, citing a senior Iranian official What was weird:* All the initial reports of Israeli strike came out of western press, not Iranian* Iran may have been seeking to minimize this, The US may have made sure it was broadcastMarket News: "The U.S. housing market is coming under renewed pressure, buffeted by mortgage rates that rose above 7% again and uncertainty over changes to the commission system for buying and selling a home. Source: WSJ"[NFLX] said in its first-quarter shareholder letter that it will stop reporting quarterly subscriber gains. " Source: CNBC"Meta has released a new and less “sanctimonious” version of its artificial intelligence model, as the social media group races against Microsoft-backed Open AI and Google to develop the cutting edge technology. Source: FT"The US bond market’s recovery was cut short by a Federal Reserve official’s mere mention of the possibility of an interest-rate increase. Source: Bloomberg"Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out. Source: WSJGeopolitics: * IRANIAN MEDIA CONFIRMS AN ISRAELI ATTACK ON IRANIAN TERRITORY* IRANIAN STATE MEDIA IS REPORTING THAT TONIGHT’S AIRSTRIKE BY THE ISRAEL AIR FORCE MAY HAVE TARGETED THE 8TH TACTICAL AIRBASE OF THE IRANIAN AIR FORCE, WITHIN ISFAHAN INTERNATIONAL AIRPORT, WHICH CONTAINS MULTIPLE SQUADRONS OF F-14 “TOMCAT” FIGHTER AIRCRAFT.* ABC NEWS REPORTS THAT ISRAELI MISSILES HIT A SITE IN IRAN* IRAN STATE MEDIA SAYS 'NO FLY ZONE' ESTABLISHED OVER WESTERN REGION* IRANIAN MEDIA: 3 HUGE EXPLOSIONS WERE HEARD IN ISFAHAN, SOUTH OF TEHRAN* JERUSALEM POST: SIMULTANEOUS EXPLOSIONS REPORTED IN IRAN, SYRIA, AND IRAQ ACCORDING TO INITIAL REPORTS* IRAN'S FARS NEWS AGENCY SAYS EXPLOSIONS HEARD IN CENTRAL ISFAHAN AIRPORT, REASON UNKNOWN* ISRAELI MISSILES HIT IRAN SITE, US OFFICIAL SAYS: ABCPrior MSM Stories HERESome headlines via NewSquawk or DataTrekData on Deck:* MONDAY, APRIL 15 8:30 am U.S. retail sales March * TUESDAY, APRIL 16 8:30 am Housing starts 1:15 pm Fed Chair Powell speaks * WEDNESDAY, APRIL 17 2:00 pm Fed Beige Book* THURSDAY, APRIL 18 8:30 am Initial jobless claims* FRIDAY, APRIL 19 10:30 am Chicago Fed President Austan Goolsbee speaksPremium: ***DO NOT SHARE THIS***