Markets Could Be Overreacting to Mideast Tension: Citi

Citigroup Global Chief Economist Nathan Sheets says markets tend to “initially overreact” to geopolitical events such as reports by two US officials that Israel launched a strike on Iran. “That overreaction reflects that uncertainty premium when it first erupts, but typically these events end up being less disruptive than we feared they might be,” Sheets told Bloomberg Television. (Source: Bloomberg)

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