A lot of people were surprised the stock market didn’t fall further given the geopolitical situation.
A war in the Middle East. Oil prices spiked 60% in a hurry. The energy market supply-demand dynamics might be screwed up for a while. Gas prices quickly shot up to over $4 a gallon.
Why did we see such an orderly sell-off in the stock market? Why was the S&P 500 only down 9% from the highs? Why didn’t we s…