Not the same TACO trade for oil, war logic is different from tariff policies: CIO

Unlimited CEO/CIO Bob Elliott warns that the U.S. and Israel may not fully control a war with Iran, indicating the overnight reversal in markets and oil prices could reflect investor complacency about a prolonged conflict. This commentary implies a higher risk of sustained oil price upside and elevated market volatility, arguing for more defensive positioning and monitoring of energy and risk assets.

Analysis

Unlimited CEO/CIO Bob Elliott warns that the U.S. and Israel may not fully control a war with Iran, indicating the overnight reversal in markets and oil prices could reflect investor complacency about a prolonged conflict. This commentary implies a higher risk of sustained oil price upside and elevated market volatility, arguing for more defensive positioning and monitoring of energy and risk assets.