Asks for her take on the war's effects on the US stock market.
Matt Miller
Seema Shah
There's a fair amount of complacency. The market is disconnected from fundamentals.
Seema Shah
The assumption that this will be short-lived is preventing a bigger reaction. If it turns around quickly, oil and asset prices will correct quickly.
Asks how to reconcile geopolitical experts warning of a long conflict with macro tourists being sanguine.
Dani Burger
Seema Shah
It's a complete disconnect. The market has been primed to buy dips because fundamentals have been strong through past shocks.
Seema Shah
What will get markets to wake up is duration. If we're still in this position in 2-3 weeks, watching the Strait of Hormuz, sentiment will shift.
Seema Shah
An oil price shock is the worst for economists because it's a negative growth shock and a positive inflation shock simultaneously.