Just a day after making an investment proposal based on the easing of the situation in the Middle East, Marko Papic, chief investment strategist at BCA Research, had to withdraw the proposal. The reason is that US President Donald Trump said that the war between the US and Iran has escalated again. On Tuesday, the strategist advised clients to short US stocks and buy European and Japanese stock markets instead. He believes that the appeal of US stocks, which had a relative safe-haven advantage during the heaviest period of geopolitical tension, has begun to wane. However, after just one day, Trump suddenly announced the “end” of the US-Iran cease-fire, forcing Papic to terminate the proposed deal, which had a cumulative loss of 1.1%.

Just a day after making an investment proposal based on the easing of the situation in the Middle East, Marko Papic, chief investment strategist at BCA Research, had to withdraw the proposal. The reason is that US President Donald Trump said that the war between the US and Iran has escalated again. On Tuesday, the strategist advised clients to short US stocks and buy European and Japanese stock markets instead. He believes that the appeal of US stocks, which had a relative safe-haven advantage during the heaviest period of geopolitical tension, has begun to wane. However, after just one day, Trump suddenly announced the “end” of the US-Iran cease-fire, forcing Papic to terminate the proposed deal, which had a cumulative loss of 1.1%.