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Bob Elliott: Modest equity gains seen from Iran deal, more upside in bonds and downside in oil
Bob Elliott, co-founder and CIO at Unlimited, indicates that the potential equity gains from an Iran deal are likely to be modest.
He notes there may be greater upside potential in bond prices and more downside risk in oil than upside in stocks, as equities appear to have already priced in the best-case outcome.
Elliott has previously argued that AI investment is exerting limited influence on the U.S. economy. He has also noted that Japanese household real spending is contracting at a 3 percent rate. The comments provide context for his cautious outlook on equity gains linked to geopolitical developments.
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