U.S. economy resilient amid Iran conflict, says Jonathan Golub to CNBC

Seaport Research’s Jonathan Golub told CNBC that the U.S. economy shows little strain from the Iran conflict, with market risk gauges (VIX and high-yield spreads) falling below pre-war levels. Despite higher oil prices, GDP expectations have risen versus pre-conflict levels, and markets appear to be discounting geopolitical risk. Golub points to tactical opportunities: inexpensive downside hedges and a sector rotation favoring software over semiconductors. The comments imply continued investor confidence in the US SP 500 and support a constructive near-term outlook for U.S. equities.