Markets Weigh Patience and Panic in Wake of U.S.-Iran Tension

The video discusses the market's calm response to rising tensions, highlighting a shift in market dynamics due to increased US oil production. Clients are adopting a 'wait and see' approach, focusing on oil prices and their broader economic impact. The discussion suggests trimming investments during market strength, noting that the US economy is less affected by oil price hikes than in the past.

In what way has the US oil production affected the market's reaction to rising oil prices?

What historical context is provided regarding the impact of oil prices on the US economy?