Markets treated the Hormuz disruption as a transient spike, but the underlying risk measures have settled at a higher plateau. What gets priced as a blip is behaving, in the data, as a standing risk.
Chart of the day — priced as a blip, behaving as a standing risk
Markets treated the Hormuz disruption as a transient spike, but the underlying risk measures have settled at a higher plateau. What gets priced as a blip is behaving, in the data, as a standing risk.
