A couple of interesting tables that might gladden the hearts of some of us seeing a fair bit of red in our portfolios in recent days (or maybe not as oil-adjacent conflicts tend to be the bearish outliers).

Source: THE SHORT BEAR on X: "The average impact of war on the stock market is not what you might expect. By the time they start the market usually has priced them in for the majority of them. Especially the ones that have a lead up are not as explosive as you’d expect. https://t.co/9jtRv1CfRz" / X