The market is not set up to handle any Iran war curveballs, says fund manager

Markets are being supported by expectations of an imminent U.S.-Iran peace deal, but David Neuhauser warns that a lot can still go wrong before any agreement is reached. He also argues there is little prudence in the current approach to investing in AI, implying elevated enthusiasm and potential overheating in the sector. The piece is commentary-driven rather than event-driven, so the immediate market impact is limited.

Analysis

Markets are being supported by expectations of an imminent U.S.-Iran peace deal, but David Neuhauser warns that a lot can still go wrong before any agreement is reached. He also argues there is little prudence in the current approach to investing in AI, implying elevated enthusiasm and potential overheating in the sector. The piece is commentary-driven rather than event-driven, so the immediate market impact is limited.