Imagine an investor looking to put money in the S&P 500 (SNPINDEX: ^GSPC) around the end of February when the Iran war started. It would seem sensible that anyone considering investing at that point would just stick their money in cash and wait for tensions to die down. That investor is probably still waiting. The war is still going on, oil prices are still over $110 a barrel, and there's no sign that the conflict is ending anytime soon. But even though the S&P 500 fell by around 9% in the month following the start of the war, it was back to an all-time high by April. Since the end of February, the index is now up over 12%.
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