Iran Shock Is 3x Bigger Than Ukraine Invasion, Robin Brooks Says Wall Street Tends To 'Downplay Shocks' - Chevron (NYSE:CVX), Occidental Petroleum (NYSE:OXY)

Wall Street’s instinct to downplay a shock is well-documented — and Robin Brooks isn’t buying it. Brooks, a Senior Fellow at The Brookings Institution, wrote on Substack on Tuesday that analysts minimizing Monday’s oil move are missing the bigger picture.“If you admit to being surprised, this means you didn’t see something coming, which in markets means you failed,” he wrote. “This is why so much market commentary tends to downplay shocks when they happen.”Three Times Bigger Than UkraineBrooks compared Mond ...