Aye aye, looks like trouble is kicking off for the new year. The issue is oil. My portfolio is down 1% today, a little more than the indices. I have a small position in Shell, which of course is doing well, up 1.5% today. That doesn’t compensate for the broader falls in my portfolio.
It looks as though Santa has headed back to the north pole and we’ll have to work off some of that alcohol-induced euphoria. We’ll see, though.
The BBC carries the news: “Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production.”
At first I thought it could just be a storm in a teacup, but the article continues: “It came after General Qasem Soleimani was killed in a US drone strike at Baghdad airport, which the Pentagon described as “defensive action”. … Iran vows ‘revenge'”
Stay safe out there.