A Month Into the Conflict: What Has Actually Changed?

When the conflict with Iran first escalated, markets reacted with fear and uncertainty. A month later, the nature of the shock has changed. What began as a volatility event is evolving into an inflation event, and the data is starting to reflect this.

In this follow-up flash episode of The Wealth Enterprise Briefing, Managing Partner Michael Zeuner is again joined by Senior Investment Manager Sam Sudame to take stock of where things stand one month in and what it means for portfolio positioning.

They discuss:

• Why oil rising from $65 to $98 a barrel has pushed the Fed to revise its inflation forecast higher
• How yields moved 50 basis points in three weeks — and why bonds have not been the haven investors expected
• Why markets have shifted from pricing two rate cuts to a 50% probability of a hike
• Why energy stocks and natural resources have been the standout diversifiers
• What three possible outcomes for equities look like from here — and why the stalemate scenario may be the most underappreciated risk
• Why staying at target equity exposure remains the right call for long-term investors

Our team is continuously monitoring these developments and will share further insights as they become available. We encourage you to contact us directly to review how these market shifts may influence your specific portfolio strategy.

Important Information: The Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information in the Briefing is not a recommendation of any security, and should not be relied upon as investment, legal or tax advice. Please consult with your investment, legal and tax advisors regarding any implications of the information presented in this presentation.