Bob Elliott
· Nonconsensus
· March 08, 2026 at 22:06
| Read on Substack ↗
Summary
The author observes that war dynamics are beginning to dominate global markets, exemplified by a recent oil price shock. However, many other markets have remained within their recent trading ranges, prompting a need to analyze what is currently being priced in by investors.
•War dynamics have become a primary driver for global markets.
•A significant oil price shock occurred last week.
•Despite the oil shock, many other markets have not broken out of their recent ranges.
•The author emphasizes the importance of assessing what market prices currently reflect regarding the war.