Peter Tchir argues the market is overreacting to the U.S./Iran conflict and expects the situation to calm down. “Within a week, we’re going to be past it,” he says, believing the power vacuum in Iran may bring potential leaders to the table faster. Peter thinks Iran will become a “Venezuela 2.0” in the longer-term. He discusses risk to credit markets and thus to equities, and says what happens there depends on AI.

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