Lecciones del 11-S que perduran en los mercados, 25 años después
De las Torres Gemelas a la guerra de Irán, los inversores tratan de lidiar con las crisis geopolíticas. Leer
Twenty-five years after the events of 9/11, the lessons learned from that day continue to impact today's markets and geopolitical crises. The attacks on the Twin Towers in New York City caused significant shock to Wall Street, directly targeting financial firms and disrupting market operations. The uncertainty and economic consequences of the attacks led to the New York Stock Exchange suspending trading until September 17, resulting in a sharp 11.6% drop in the S&P 500 index within days.
However, the market soon began to recover, with the S&P 500 regaining its levels from September 10 by October 12. This recovery highlights four key lessons that remain relevant in today's geopolitical crises.
Firstly, initial declines following acts of terror or war are typically recovered within weeks as uncertainty subsides and the market can accurately assess the impact. This pattern was observed in recent conflicts such as the attack on Hamas in Israel and the start of the Iran war.
Secondly, central banks play a crucial role in mitigating the impact of such events. After 9/11, the Federal Reserve (Fed) injected liquidity and aggressively lowered interest rates, cutting 50 basis points on September 17 and an additional 125 points before the end of 2001.
Thirdly, pre-existing economic trends and market tendencies are more influential than geopolitical shocks. Despite the post-9/11 market rebound, the American stock market declined by 22% in 2002, still experiencing the correction of the technology bubble and facing a U.S. economic downturn. In current times, the rise of artificial intelligence (AI) helps to limit the negative consequences of geopolitical crises in the Middle East.
Lastly, the most severe geopolitical crises tend to affect energy prices, leading to inflation and limiting the ability of central banks to respond. This was evident in recent conflicts in Ukraine and Iran, where rising energy prices have driven inflation and constrained banking operations.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
