Money Morning — Power of Words

The new era of drone warfare is playing havoc with the West’s ability to defend itself. Now we’re running out of ammo.

The US-Iran conflict is now almost six months old. What began with military strikes has developed into a combination of diplomacy and economic warfare. The world is watching the global order redefine itself as countries realign and reposition themselves.

The small end of the ASX has gone nowhere for ten months. Something shifted in the last fortnight, and most investors have not noticed it yet.