Iran closes Strait of Hormuz, 20% of global oil supply at risk, & Israel's stock market hits all time highs..
Markets don't price reality anymore, they price narratives & positioning. Same reason crypto pumps on bad news & dumps on good news half the time. We're all trading sentiment derivatives of sentiment derivatives. The actual fundamentals are three layers removed from price action. Trade accordingly or get wrecked pretending markets are rational.. 🤷🏽♂️
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Iran closes Strait of Hormuz, 20% of global oil supply at risk, & Israel's stock market hits all time highs..
Markets don't price reality anymore, they price narratives & positioning.
Same reason crypto pumps on bad news & dumps on good news half the time.
We're all trading sentiment derivatives of sentiment derivatives.
The actual fundamentals are three layers removed from price action.
Trade accordingly or get wrecked pretending markets are rational.. 🤷🏽♂️