US Stocks Will Keep Ignoring the Iran War

Many people seem surprised by the US stock market’s resilience during the Iran war. I’m not one of them, and I don’t see the war becoming a significant threat to the market, even if it drags on.

There are myriad reasons the Middle East conflict doesn’t seriously threaten the stock market. Before getting into them, it’s worth reexamining what’s happened so far because the prevailing narrative that the war toppled the market in March — and by implication may do so again if it intensifies — isn’t exactly right.