PremiumNomura Outlines 3 Scenarios For Stocks As S&P Traders Face $21 Billion In CTA Supply
At the end of the day, top Nomura market strategist, Charlie McElligott, points out that this US action in Iran (and Venezuela, and Greenland, and agitations against Mexico, Canada, South America and even Europe / NATO) is about the "China Isolation Long-Game" in the future state-war for Resources (Base Metals, Rare Earths), Energy, and Chips for AI Compute, in order to come out as the Winner (with 'kickers' of course with regard to irrational actors and state sponsors of terrorism possessing Nukes and being led by 'Death to America' fundamentalist Dictators then being wiped-out.)
But this global rebalancing transition away from the 'Old World Order' of Globalism comes with punitive costs.