Stocks Fall on Syria Tension; Investors Seek Refuge in Gold; Syria Fears Cause Yen to Beat Dollar

Daily Data Flow

Stocks Fall on Syria Tension (Bloomberg)

U.S. stocks experienced their worst one-day decline in more than two months today, as investors the world over grew concerned about possible military intervention in Syria. “Everybody’s waiting to see what’s going to happen,” Randy Bateman, chief investment officer of Huntington Asset Advisors in Columbus, Ohio, said. “Is this going to escalate? Energy prices, if they rise a whole lot, could that mitigate all the strength we’ve been seeing lately in the economy? If we’ve got housing prices that start to rise at the same time we have food and fuel increasing, we could see inflation start to rise and that could impact Fed policy.”

Investors Seek Refuge in Gold (CNBC)

Today’s slide in stocks saw investors look for financial shelter in other commodities, causing gold to rise one percent to its highest point in more than three months. “The possibility of U.S. military action against Syria is driving demand for safe-haven assets including gold,” said Jeffrey Sherman, commodities portfolio manager at DoubleLine.

Syria Fears Cause Yen to Beat Dollar (Reuters)

Currency investors’ fears about potential action in Syria caused them to put their capital in relatively safe currencies, like the yen and Swiss franc, lowering the relative value of the U.S. dollar. “It seems that today is a good old risk-off day due to Syria,” said Charles St-Arnaud, foreign exchange strategist at Nomura Securities in New York. “This explains why the yen has been outperforming the dollar and why the dollar has been outperforming most other currencies, especially the Australian dollar, New Zealand dollar and emerging market currencies,” he said.

Exclusive  Three Strategic Defense Stocks to Buy as China and Russia Try to Expand Their Turf
share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

If you've been investing only in U.S. stock markets this year, you probably haven't noticed that 2013 has been a rough year for global stocks. For all of the current hand wringing about the impact of the Fed's imminent tapering on global financial markets, with its 17.7% return year-to-date, the U.S. stock market ranks #2 among the 39 global stock markets that I follow on a daily basis at my firm Global Guru Capital. In fact, only a handful o

share on:

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE