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But we saved everything 🙂.
Markets have quickly changed their outlook on the impact of war and oil disruption, according to Steven Lubka. While the initial reaction from many was to downplay these concerns, Lubka observes that sentiment has now shifted, with some viewing current events in much more severe terms.
Lubka highlights how it took time for markets to fully price in the disruption, but today there is a widespread perception that the risks are much greater than previously thought.
Earlier this year, Lubka noted the psychological strain on traders from constant 24/7 oil price monitoring. He has also highlighted periods when Bitcoin showed strength as most global assets declined, according to a recent analysis. These observations frame his view on shifting market sentiment in response to current disruptions.