Wall Street is sharply divided on the potential economic and market fallout, as President Donald Trump announced a U.S. Navy blockade of the Strait of Hormuz following failed nuclear talks with Iran.
Shrugging Off Geopolitical Risk
Despite escalating tensions and the threat of disrupted global oil supplies, some market veterans remain steadfastly bullish. Ed Yardeni, president of Yardeni Research, noted that Wall Street’s reaction to the unprecedented naval blockade has so far been a “total shrug.”
Pointing to a historically “remarkably resilient” U.S. economy, Yardeni argues that past international conflicts have often proven lucrative for investors who stay the course. “Geopolitical crises tend to be buying opportunities,” Yardeni told CNBC, suggesting the current market dip is just another chance to buy.
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