How do markets (US equities, Gold, Crude Oil, and the USD) react around US military conflicts...? Citi shows what happened before-and-after the Gulf War, Kosovo, Afghanistan, Iraq, and Libya... and why Syria is arguably more complex than these previous conflicts...The effect on the markets is interesting and important. S&P: trades better once conflict begins. This time should be no different. Gold: falls after start of action. Again should be no different. Crude: usually falls at or just prior to start of military action. USD: reverts back to dominant trend. USD weakened post-action in 1991, 2003, 2011 as it was in a ... (full story)