Geopolitical disruptions often spill over into market sentiment if not outright trends. It may be too early to assess the impact of the most recent attack by the U.S. and Israel on Iran and the counterattacks by Iran on many of its Middle East neighbors. Nevertheless, assessing the most immediate as well as intermediate may provide insight into which trends will dominate in the post-disruption period. Disruptions result in relative “winners” and “losers”. The determination thereof may come well-after the disruption events themselves. As a result, changes in investment strategy may be best deferred from some periods of disruption. On the other hand, more immediate strategy changes may be warranted if one is to fully benefit from the changes rendered. Changes from past periods of disruption may provide some insights into future investment strategy improvements.