Bob Elliott
· Nonconsensus
· April 12, 2026 at 22:07
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author expresses skepticism about the market's optimistic reaction to the de-escalation of the Iran conflict, suggesting the euphoria may be misplaced and that risks remain.
•Markets are exhibiting euphoria, believing the Iran conflict may soon be over.
•The author suggests this optimism is misplaced based on weekend news.
•While the situation has stepped back from the brink, underlying tensions likely persist.