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Andy Constan, Founder / Strategist at Damped Spring Macro, commented on the SPX trading down 50 basis points on Hyperliquid following weekend news from Iran.
Constan suggested that, despite his bearish outlook, the market reaction to news over the weekend could be interpreted as bullish.
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Constan has recently highlighted a split in investor sentiment, with aggressive bulls buying dips and price followers moving to short positions, according to a previous report. He has also discussed heightened market volatility and noted that returns during Biden's term have outpaced those in the Trump era, with commodities and gold performing strongly over Bitcoin, as reported in an earlier article. These views provide context to his current commentary on SPX reaction to geopolitical developments.