Daily Wrap – Geopolitical Tensions Soar, Stocks Go Risk Off, Safe Havens Bid

Today was a busy day, although it was actually pretty quiet in pre-market with S&P futures down just -0.1%. Suddenly, it was risk-off as the cash market opened with safe haven assets bid as Iran launched some 180 ballistic missiles toward Israel. S&P futures (1m) selling off right at the cash open. I expected the…