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Maley: Limited SPX Downside on U.S.-Iran War Caps Upside Potential
Description
The risk/reward scenario is pointing more toward risk right now, says Matt Maley. With the S&P 500 (SPX) down only 5%, he believes any upside from a U.S.-Iran War resolution or reopening the Stair of Hormuz will be very limited. Matt later highlights how this all complicates the Fed's path ahead as fears of rising inflation swell.
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