Asks why equity market has been so resilient.
Tim Stenovec
Eric Weiner
Equities bounced off oil after US announcement about protecting energy supplies in Middle East.
Asks how much war risk is priced in.
Carol Massar
Eric Weiner
Market expects temporary disruption, not prolonged US involvement. Treated as a blip unless it expands to impact supply chains.
Asks about valuation impact of prolonged conflict.
Tim Stenovec
Eric Weiner
Prolonged war would require repricing of everything. Big tech is reasonably valued now, trading in line with S&P.