One of the most important banks in Asia has just published its three scenarios for the S&P 500 and markets.


🟢 The conflict does not escalate, oil stabilizes → markets rise.
🔴 Energy shock, military escalation, margin calls → sharp decline in markets.
🟡 No crash, no highs, constant rotation → downward drift.
The most likely according to Nomura Bank is the yellow scenario.
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