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Graham: U.S./Iran Conflict Likely to Drag Out, Eroding Market Tailwinds
Description
Stash Graham explains that before the U.S./Iran war, there were multiple tailwinds for risk assets, making him more constructive. However, he thinks the war can erode market resilience as it drags on, keeping energy prices high. Allies refusing to support U.S. efforts in the Strait of Hormuz signal a prolonged conflict, potentially leading to energy infrastructure shutdowns. Stash explains where he’s looking to invest given this backdrop.
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