Markets Rebound As Geopolitical Shocks Follow A Familiar Script
Principal Financial Group·2026-05-02·via All Articles on Seeking Alpha
Summary
Global equity markets have staged a sharp rebound in recent weeks, delivering their strongest monthly performance in several years.
That markets have adhered so closely to historical precedent, despite the most severe oil supply disruption on record, is striking.
Despite this support, markets sit at a fragile juncture. Current pricing implies a relatively swift resolution to the Iranian conflict, yet key energy dynamics point in the opposite direction.
Beyond near-term volatility, the conflict between the U.S. and Iran is accelerating several structural investment themes.
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By Seema Shah, Chief Global Strategist
Global equity markets have staged a sharp rebound in recent weeks, delivering their strongest monthly performance in several years. The S&P 500 rose 10.5% in total return terms in April, its best month
