Founders: Israel-Hamas War Overview

The Israel Hamas war is the focus starting last night and into this morning.

Good Morning.

• The Israel Hamas war is the focus starting last night and into this morning.

• We made some initial comments and attached them below as well as the 2 quick assessments we were lucky enough to get.

• This week is CPI and FOMC minutes

Markets:

Markets are moving in war time mode. The Dollar and Gold rise for safe haven purposes. Equities drop. Oil rises. Today Bonds are closed. Historically they’d also rise as safe haven assets. So far nothing is out of the ordinary, although it is notable that Gold is up almost $20 with the dollar only up 40. We will hold off on opinion why until we see more activity. more on market behavior in our voice note and Sunday’s Discussion. Have a good day

Data:

• 9:00 am Dallas Fed President Logan speaks

• 12:50 pm Fed Gov. Jefferson speaks

Attached:

1. Gold Analysis here

2. GoldFix Audio: ( 2 minutes) What will happen to oil Sunday night and beyond?

3. Research: War escalation handicapped.

4. GS Sunday Oil comment

5. GoldFix: Real Oil Risk= Hormuz Strait

6. BOA Data for the week