Steve Eisman, the portfolio manager made famous by “The Big Short,” called the Iran war a “unipolar market” on his podcast The Real Eisman Playbook.
The framing marks a sharp reversal. In early March, Eisman told CNBC the conflict would be “very, very positive” and said he wouldn’t change a single trade. Four weeks of $100-plus oil appears to have changed the calculus.
Brent crude traded near $113 per barrel on Monday, up roughly 55% in March. That is the largest monthly surge in the contract’s history, surpassing the 46% gain recorded during the first Gulf War in September 1990.
https://finance.yahoo.com/markets/stocks/articles/big-short-legend-steve-eisman-153059398.html?ref=factide.com&guccounter=1
Posted by hayrimavi1
8 Comments
>the conflict would be very very positive
Lmfao fell for it again award to this one
Sooo, is it positive or not? Confused.
Shit, I could have told you that.
So if the “experts” can’t see a shit show in the making, how the hell is this chaotic unpredictability already “priced in” to the market? This is the best stock market of all the possible stock markets I suppose
It doesn’t take a genius to realize this
Gulf states, Cook said, have sent Washington a clear message: we didn’t want this war, but now that you’ve started it, finish it in a way that lets us continue our domestic transformation and our trillion-dollar bets on our societies.
Those bets: Saudi Vision 2030, Abu Dhabi’s tech and finance pivot, all depend on stable energy exports and regional security.
That’s the idea . . .
LOOK AT ME. I’M THE
CAPTAIN NOW.