Week of October 14, 2024
Intelligence uncovered by the Israelis appears to provide credible evidence that activities by the terrorist groups Hamas and Hezbollah have been directed and funded out of Iran, something that has long been suspected, but lacked said evidence. Houthi rebels in Yemen have apparently similarly been funded by Iran. Changed leadership in Iran, assuming Israel addresses Iran’s actions, could very well help alleviate the bubbling cauldron that is the Middle East and foment predictability in that energy important region of the globe. Such predictability could promote enhanced global economic conditions. Our Signals remained unchanged.
Bob Bilkie, CFA
