Author states a closed Hormuz is "bullish for the market. Somehow." The implication is that lower oil prices (from the bearish oil thesis) could lift equity indices, or that OPEX mechanics are the dominant market force. A vague link between a geopolitical event and general market positivity, heavily qualified ("Somehow"). Geopolitical instability is typically a market negative. The core premise (closed strait) is disputed in comments.
Author states a closed Hormuz is "bullish for the market. Somehow." The implication is that lower oil prices (from the bearish oil thesis) could lift equity indices, or that OPEX mechanics are the dominant market force. A vague link between a geopolitical event and general market positivity, heavily qualified ("Somehow"). Geopolitical instability is typically a market negative. The core premise (closed strait) is disputed in comments.