146: Headlines Feel New. For Markets, It’s the Same Story.

War, Markets, and Why You Still Can’t Invest on HeadlinesHosts Josh Sheluk and Colin White discuss how wars and geopolitical conflict have historically affected markets, emphasizing the human tragedy while focusing on financial implications. They review major Middle East conflicts since 2000: Afghanistan (Oct 7, 2001), Iraq (Mar 20, 2003), the Syrian Civil War (Mar 15, 2011), the Yemeni Civil War (Sep 21, 2014), and the Oct 7, 2023 Israel conflict, and argue market outcomes were driven more by other forces (tech bubble collapse, European debt crisis, oil shocks, 2008 crisis) than by the conflicts themselves. They cite BCA Research finding only the 1973 Yom Kippur War/oil embargo clearly led to a bear market, noting today’s lower oil intensity and U.S. oil export position. They conclude rapid sentiment shifts make conflict “unreactable,” so investors should maintain resilient portfolios rather than adjust to headlines. Click here to view the episode transcript. 00:00 War And Bear Markets01:01 Why Revisit War And Markets02:31 Afghanistan 2001 And Tech Bust06:54 Iraq 2003 And Recovery Years09:13 Syria 2011 And Euro Debt Crisis11:36 Yemen 2014 And Oil Shock Memories13:46 Israel 2023 And The Big Picture17:00 Why You Cant Trade Headlines20:20 Incentives Oil And Global Pressure22:39 The One War That Triggered A Bear27:19 Fragility South Korea And Gold29:11 Build A Resilient Portfolio30:18 Contact Info And Disclosures