1 rich Libsyn https://www.libsyn.com 90 600 ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!&amp;nbsp; &amp;nbsp; Markets continue to show surprising resilience despite escalating geopolitical tensions — but are investors underestimating the risks? &amp;nbsp; In this week’s ITPM Flash, Jason McDonald examines the muted reaction in equities following the Iran conflict, with the S&amp;amp;P 500 only modestly off its highs. He explores why this apparent complacency may reflect a broader belief that geopolitics “doesn’t matter” — and why that assumption could be dangerous. &amp;nbsp; We then dive into the shifting role of traditional safe haven assets. U.S. Treasuries, once the cornerstone of global capital preservation, have delivered poor performance through recent macro shocks. Meanwhile, gold — often viewed as the ultimate hedge — has also struggled during the current crisis, raising important questions about portfolio construction in today’s environment. &amp;nbsp; Finally, Jason outlines a tail-risk trade idea centered on rising inflation expectations and structurally higher bond yields. If energy prices remain elevated and inflation proves sticky, long-duration bonds could face significant downside — creating asymmetric opportunities for those positioned correctly. ITPM Podcast https://www.itpm.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/40664410/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/40664410