The stock market on the Israel-Iran war: While all of the headlines point to more escalation and a longer war, the stock market says the EXACT OPPOSITE. Equity markets have turned green, oil prices are now up just +0.5%, and gold is down just -0.5%. If the market were truly concerned about a long-term conflict, oil prices would have already crossed above 100/barrel. In fact, oil prices are more than 10% BELOW their high recorded last week. For now, it appears the market believes a peace deal is on the horizon. The market is telling us something.