Traders Resist Defensive Stocks' Haven Status Amid Mideast Risk
US equities investors are reluctant to seek safety amid flaring geopolitical tensions, raising the risk of getting caught off guard if the conflict between Israel and Iran takes an unexpected turn in the days ahead.
Normally, this level of anxiety would be enough to send money managers scurrying into stocks offering shelter, especially with President Donald Trump weighing whether to offer Israel military backing in its conflict with Iran. That step could roil crude prices and stoke worries about inflation, and potentially reignite a rush for investment havens.
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