Wall Street goes “haven first” as Middle East tensions rattle risk appetite
As tensions flare across the Middle East, investors are rotating into safe-haven assets like Treasuries, gold, and the CHF, ditching the reflex to buy the dip in equities, Bloomberg reports. The playbook is explicit: “Haven first, ask questions later,” said Natixis’ John Briggs, pointing to a larger-than-expected escalation. Meanwhile, Barclays strategists cautioned against rushing to…