When 99th Percentile Positioning Meets A Shahab-3 Ballistic Missile

Absolutely positioned in the wrong way

There is a growing unease in financial and geopolitical circles that unlike past flare-ups, this Middle East conflict feels different. The usual assumption—that tensions will fade before markets reopen—is giving way to the realization that this crisis may not de-escalate quickly and could spiral into something far more destabilizing. Here are 10 positioning charts that shows that financial markets are absolutely positioned in the wrong way for this.