Dispelling WW3 FUD (Patreon)

Everywhere you look you hear fears of World War III in the mix. Let me explain why that's probably not the case.

To all who are calling for World War 3 - nah not happening!

If there were even a 50% chance of WW3 right now, the S&P 500 wouldn’t be 2% away from a new all-time high. In fact, the S&P 500 would be down over -30%, gold would be above $5,000/oz, and oil prices would be above $100/barrel. If there were a 90% chance of WW3, the S&P 500 would be down over -50%, gold above $10,000/oz, and oil prices above $200/barrel.

Despite all the headlines, markets say we are far from World War 3.

h/t Sanjay our war correspondent.