The conflict in Iran could continue for a while, but that doesn’t mean the stock selloff will last too, says CIO
The stock market sold off for three weeks as investors worried about the war in Iran and its effect on oil prices. But even if those geopolitical tensions continue, the stock market may recover before the Middle East conflict is over.
“The stock market is trying to find a bottom amid this geopolitical-driven pullback. While we believe the conflict could go on for some time, that doesn’t mean the stock market will follow suit. Stocks tend to move ahead of various events, like wars, well before they are over,” Rick Gardner, the chief investment officer at RGA Investments, said in an email.
