I would have guessed at a 3-4% move today but it has been about 1%
If anything, anything at all, actually happens on the ground in this arena, there will be a sudden oil price spike of some degree. Perhaps an extremely large one if Iran makes good on Saturday's threats.
edit: and since I posted this, oil prices have actually turned slightly negative for the day. So there are two possibilities: Geopolitical risk isn't being priced in at all (my suspicion), or it has already been priced in somehow, which seems unlikely with oil prices down almost 10% just in the last couple of weeks
Submitted July 23, 2018 at 12:05PM by rebelde_sin_causa https://ift.tt/2JOFPzQ
