Another Shock From the Middle East for Markets: John Authers

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Today’s Points:

• Israel’s strikes on Iran came as a bad surprise for markets; a torrid Friday could be in prospect.

• Rates matter again.

• Bitcoin’s supply is about to be halved, and its price just dropped 20% — nobody agrees on why.

• AND: We have a vodcast recommendation.

Revenge Served Hot

Earlier this week, Points of Return likened the situation in the Middle East to the cycle of revenge in a Greek tragedy. Unfortunately, the analogy appears to have been apt.

At the time of writing, global markets — presently trading ...