CNBC's "Fast Money" Stocks Drop As Israel-Iran Conflict Worsens… And A Shadow Over Solar Stocks 6/17/25
Jun 17, 2025
Eamon Javers, a CNBC reporter, provides crucial insights on how the escalating Iran-Israel conflict is affecting U.S. markets, particularly through rising oil prices and defense stocks. Peter Bookfar, Chief Investment Officer at Bleakley Financial Group, discusses the declining dominance of the dollar and central bank diversifications. They also examine significant impacts on solar stocks due to new tax legislation and debate whether these companies can recover. Geopolitical tension, currency dynamics, and tech advancements create a complex financial landscape.
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Israeli Intelligence Advantage
- Israeli intelligence is far ahead of U.S. intelligence in the Israel-Iran conflict.
- The U.S. may follow Israel's lead or wait to see how the conflict unfolds.
Global Risks of Middle East Conflict
- The Middle East conflict tensions could escalate very quickly.
- Markets should watch for involvement by major powers like Russia and China.
Dollar Diversification Trend
- Expect further diversification away from the U.S. dollar by central banks.
- This could weaken the dollar but it should still maintain reserve currency status.