S&P 500 Drops 8% Then Rallies 12% During Iran Crisis

The S&P 500 fell 8% from February 27 to March 30 during Iran-related tensions, then surged 12% from March 30 to April 17 as markets recovered from geopolitical fears. The volatility pattern demonstrates how geopolitical events create temporary USD safe-haven flows before risk-on sentiment returns. Currency traders should monitor similar patterns in USD pairs during crisis periods.