Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down.
"With over 50 years of experience, we know that a simple so-called index fund … does actually better than professional money managers," said economist Burton Malkiel.
The economic landscape in this country looks very different now than it did four weeks ago, when the U.S. and Israel began waging a new war in Iran that has spread throughout the region. And the economic impact has been nothing but negative.