What It's Like To Be An Investor In Iran's Market Right Now
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 13 January 2020
⏱️ 37 minutes
🧾️ Download transcript
Summary
Iran's stock market is one of the most unfamiliar equity markets in the world. With Iran under stringent U.S. sanctions, it's hard to even find data on where Iranian stocks are trading. Then there's geopolitical risk. This month the U.S. killed Iran's top general Qassem Soleimani and Iran retaliated by firing missiles at U.S.-Iraqi air bases, sparking a sell-off in global markets. So what happened to Iranian stocks in this time period? On this week's episode of Odd Lots, we speak with Maciej Wojtal, who runs the only European asset manager focused on Iranian stocks.
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| 0:27.0 | slash subscribe. Hello and welcome to another episode of the All Thoughts Podcast, I'm Joe Wiesenthal. |
| 0:45.0 | So Joe, we had a pretty eventful week in markets recently. |
| 0:52.0 | Yeah, a pretty extraordinary start to the week or really |
| 0:56.7 | I should say the start to 2020. The first trading day of the year was really strong and then almost immediately |
| 1:05.4 | thereafter we got the news about the Iranian general being killed and |
| 1:10.4 | suddenly that has been the focus of markets in 2020, the repercussions of such. |
| 1:17.0 | So the Trump administration killed Iran's top general, Kasam Solemani, and then that knocked markets markets immediately but then a few days later you had |
| 1:25.9 | Iran retaliating against that killing by firing a series of missiles at U.S. Iraqi air bases in Iraq and that caused yet another |
| 1:36.7 | sell-off I think at one point US equity futures were down something like 1.7% |
| 1:41.7 | and we saw gold spike up to $1,600 per ounce. But did anyone ever stop to ask what was going on with |
| 1:52.1 | Iranian stocks at that same time? |
| 1:55.0 | I certainly did not stop to ask that question and I did not think about it for various reasons which will get into. One point that we should just make before |
| 2:07.0 | moving on is that part of what's been interesting about US markets has been the degree of resilient. |
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