Anonymousabout 2 months ago
U.S. equities have fallen roughly 9% from their January 2026 peak, with the S&P 500 losing about 8.7% in the 30 days since the Iran war began on February 28 — a drawdown steeper than after the 2003 Iraq invasion or the 2022 Russia-Ukraine conflict, though still below the Gulf War and 9/11 selloffs. With Brent crude above $108, the Strait of Hormuz effectively closed, and recession probability estimates climbing as high as 50%, the question confronting investors is whether this is a temporary geopolitical shock or the beginning of a deeper repricing driven by structural features of modern markets.