Markets looking past Trump's Iran talk, watching the ground action: Javelin Wealth Management

• Markets are showing surprising optimism despite the ongoing Iran conflict and potential for a prolonged situation.
• The analyst advises focusing on 'on the ground' developments rather than political rhetoric, especially from the White House.
• Rising energy costs due to the conflict are expected to lead to higher inflation, increased corporate expenses, and potential demand destruction, particularly in Asia.
• Companies may need to reassess capital expenditure and streamline operations if the conflict continues.

Steve Davies of Javelin Wealth Management discusses market optimism surrounding the Iran conflict, noting it's 'quite strange' given the geopolitical risks. He emphasizes looking beyond rhetoric to 'on the ground' actions, warning of prolonged conflict, higher energy costs, and their inflationary impact on Asian economies and corporate spending.