Bob Elliott
· Nonconsensus
· March 02, 2026 at 12:07
· ⏱ 1 min read
| Read on Substack ↗
Summary
The author advises a cautious, "wait-and-see" approach to markets due to the escalating Iran conflict, which is expected to dominate market action. Despite a decent economy and accommodative policy, the conflict is already causing bids in safe-haven assets like oil, gold, and bonds, while weighing on equities.
•The author recommends a cautious, "wait-and-see" approach to markets.
•The Iran conflict is expected to be the primary driver of market action in the coming weeks.
•Recent market dynamics show bids in oil, gold, and bonds, alongside weakness in equities, reflecting a risk-off sentiment.