The trading week begins with a spike in uncertainty following last week's US airstrike that killed Qasem Soleimani, Iran's top military official. Although most of the major asset classes posted gains last week and still reflect across-the-board profits for the one-year trend, repricing risk has become substantially more challenging - and critical.
Processing the blowback risk will take time, in part because there are multiple fronts to consider. From a strategic perspective, for instance, there are questions of how the US Middle East strategy fares. It's fair to say that there are many more questions