{"id":75074,"date":"2026-04-20T17:37:35","date_gmt":"2026-04-20T17:37:35","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/75074\/"},"modified":"2026-04-20T17:37:35","modified_gmt":"2026-04-20T17:37:35","slug":"fomo-still-driving-markets-with-muted-reaction-to-latest-iran-setback","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/75074\/","title":{"rendered":"&#8216;FOMO&#8217; still driving markets with muted reaction to latest Iran setback"},"content":{"rendered":"<p>Tensions between Iran and the U.S. rose yet again, but traders aren&#8217;t panicking. Yes, futures contracts tied to the Dow Jones Industrial Average were down about 200 points Monday after President Donald Trump said the U.S. seized an Iranian-flagged container ship in the Gulf of Oman. However, those losses pale in comparison to some of the declines seen since the war began. On top of that, investors have been quick to bid the stock market higher whenever tensions ease. &#8220;Fear has shifted from downside risks to fear of missing out (FOMO),&#8221; wrote Jonathan Krinsky, chief market technician at BTIG. He pointed out that the 5-day moving average for the Cboe Equity put\/call ratio is at 0.49 \u2014 near its lowest level in years. A lower ratio indicates more bullish sentiment in the market, though it can also be used as a contrarian signal of overexuberance. Indeed, this bullishness was reflected in last week&#8217;s action. The S &amp; P 500 climbed above 7,100 for the first time ever, and scored a weekly gain of 4.5%. The Nasdaq Composite posted its 13th consecutive winning day, its longest daily advance since 1992. .SPX 5D mountain SPX 5-day chart Krinsky said stocks are in &#8220;rarefied air.&#8221; He said: &#8220;SPX has gained at least 3% for three straight weeks. Since 1980 that&#8217;s only happened two other times. Most recently was 6\/5\/20, and the other was 9\/3\/82. Both saw SPX lower the next week followed by further advances over the months ahead.&#8221; To be sure, there are signs that volatility may persist. Jeff Jacobson, head of derivatives strategy at 22V Research, noted that May-dated VIX futures were essentially flat last week despite the broad market rally. &#8220;If VIX is unable to move meaningfully lower, even as markets continue to rocket higher, it makes owning VIX calls\/call spreads an especially attractive proposition as a macro hedge,&#8221; he said. &#8220;The recent action in VIX, coupled with the massive gains we have seen in just the past few weeks, makes VIX upside May structures a &#8216;must own&#8217; in my opinion.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Tensions between Iran and the U.S. rose yet again, but traders aren&#8217;t panicking. Yes, futures contracts tied to&hellip;\n","protected":false},"author":2,"featured_media":75075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[135,38,575,1063,698,34,1085,572,574,570,51],"class_list":{"0":"post-75074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-business-news","9":"tag-donald-trump","10":"tag-dow-jones-fut-sep25","11":"tag-invesco-qqq-trust","12":"tag-investment-strategy","13":"tag-iran","14":"tag-ishares-russell-2000-etf","15":"tag-nasdaq-composite","16":"tag-sp-500-index","17":"tag-stock-markets","18":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116438254873115522","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/75074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=75074"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/75074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/75075"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=75074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=75074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=75074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}