The Death Of The Goldilocks Playbook; Here's Goldman On The Market's Shifting Reaction Function

After another week without hoped-for clarity on what comes next in Iran or the Straits of Hormuz, and into a long holiday weekend for many (Europe remains closed on Monday), Goldman Sachs Partner, Mark Wilson, reflects on the chaos and consequences of the Iran War, and the market's shifting reaction function to headline-hell and macro reality.

Although the central takeaway for many this week was the lack of a defined plan & timeline from here for US military activity in Iran, there was important information value in what was said, and what wasn't, in the US and elsewhere.