Its Over, page-27117

The stock market on the Israel-Iran war:

While all of the headlines point to more escalation and a longer war, the stock market says the EXACT OPPOSITE.

Equity markets have turned green, oil prices are now up just +0.5%, and gold is down just -0.5%.

If the market were truly concerned about a long-term conflict, oil prices would have already crossed above $100/barrel.

In fact, oil prices are more than 10% BELOW their high recorded last week. F

or now, it appears the market believes a peace deal is on the horizon. The market is telling us something.

https://x.com/KobeissiLetter/status/1934505168759857609

If the market were truly concerned about a prolonged Israel-Iran war, gold would be nearing $4000/oz.
There simply is no indication by any major asset class that this war won't subside. We await a peace deal.

https://x.com/KobeissiLetter/status/1934507101877096497

....Gold losing altitude quite quickly.

....though Iran did say they have enough missiles to bomb Israel over 6 months.