HSP has stated that the worst fears surrounding the Iran oil spike have now passed, and it is time for investors to increase their stock exposure. The move comes after a period of significant price action, which HSBC believes indicates "peak fear". Despite this, the S & P 500 is just 2.5% away from its record and volatility remains elevated. HSBC's Max Kettner, chief multi-asset strategist, expressed confidence in the recent panic-hit period and believes that the market will eventually adjust, similar to what happened during the previous period.