Jeffrey Hirsch, CEO of Hirsch Holdings and publisher of the Almanac Trader, posted on X that the S&P 500 has demonstrated resilience during periods of geopolitical tension and energy crises, including the ongoing situation involving Iran. Since the Iran hostage crisis in 1979, the S&P 500 has shown an ability to withstand conflicts, invasions, and spikes in energy prices without significant derailment. While the current geopolitical climate is serious, with concerns for the safety of civilians and service members in the region, the market's movements remain consistent with historical patterns observed during similar shocks and crises. At present, there are no indications that this situation will lead to a major bear market or a recurrence of past energy crises.