There and Back Again
Geopolitical risk continues to set the tone for markets, even as price action suggests that many investors are eager to declare the worst is behind us. US equities now sit roughly 3% above levels that prevailed before the Iran war began on February 27, suggesting markets are largely looking past the conflict and expressing confidence in economic resilience and continued corporate earnings momentum. Yet beneath the surface, markets are telling a more complicated story. The energy risk premium has not fully dissipated, with WTI crude still about 30% higher than at the outset of the conflict after peaking nearly 70% above pre-war levels.
Source: https://etfdb.com/etf-strategist-channel/there-back-again/
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