Core Viewpoint - Investors are realizing that not all geopolitical selloffs are opportunities to buy, as evidenced by the recent market downturn following the U.S. and Israeli actions in Iran [2] Market Performance - The S&P 500 index fell by 2.2% to around 6,727, on track to close at its lowest level of 2026, while the Nasdaq composite dropped by 2.4% and the Dow Jones Industrial Average decreased by over 110 points, or 2.3% [3] Historical Context - Historically, investors have been conditioned to buy dips caused by geopolitical events, with past instances showing that U.S. stocks typically recover within a month [4][5] - Notable exceptions include the selloff following Russia's invasion of Ukraine, where U.S. stocks remained lower 12 months later, and the aftermath of 9/11, which coincided with a technology bubble burst [6] Current Market Sentiment - Despite the recent downturn, some analysts believe that U.S. stocks may still experience a quick recovery and could outperform European and Asian markets in the coming months [7] - The reliance on historical patterns is being questioned, as the current geopolitical situation resembles the uncertainty seen during the Russia-Ukraine conflict [9]