$SPY is starting to price a quieter risk premium as the Iran headline points toward a possible resolution.

When geopolitics cools, liquidity usually comes back fast, and that’s when institutions rotate out of fear hedges and into beta. If the story holds, the first move often comes from unwinding, not chasing.

Not financial advice. Manage your risk and protect your capital.

#Macro #Markets #RiskOn #SPY #Geopolitics ⚡

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