Secret Box
🖋️ I consider this move as additional pressure on the right-wing, war-preaching Netanyahu government to succumb to the demands of US for peace/ceasefire.
Note that this is the first time ever in the history of Israel that its rating credit is downgraded.
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Secret Box
🖋️ The banking industry is under heavy pressure, mostly because of : — Massive losses in their bond holdings — Undue exposure to the meltdown in the commercial real state market
Tomorrow, I will publish charts with technical analysis for a select group of banks.
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