War spooks markets. Every time. A prolonged conflict in the Middle East puts the world's oil supply at risk. There are already reports an oil tanker being attacked. If oil spikes, everything else follows. Energy is the cost behind every product you buy. Higher energy = higher inflation. Higher inflation = the Fed thinks twice about cutting rates. Tighter rates = risk assets take the hit. The chain is that simple. But history is also clear: markets recover. Not overnight. Sometimes it takes years. But they always do.(Lark Davis)