The War improved Israel's risk rating

Most unexpectedly, despite missile barrages launched by Iran towards Israel, the Tel Aviv Stock Exchange (TASE) indices closed today with gains of 0.5%. Yaniv Pagot says Israel's attack on Iran is a step for the better: "Anyone who has lived in the State of Israel knows about the Iranian atomic threat, which has been a cancerous growth for the economy. The rating agencies have also talked about the Iranian threat all the time. Israel decided that this cancer needed to be cut out. As absurd as it may sound, if Israel's geopolitical risk premium was a certain rating, today it is lower."

We are seeing an extraordinary show of strength today, and it is far from intuitive