In the money

With respect to the ongoing discussions and back and forth between the United States and Iran, the endless negotiation leaves the financial world vacillating between believing a deal is imminent versus a world where kinetic activity is the only way this conflict can end.

The point is that the index can fall sharply if the stocks that drove it higher begin to fall sharply. And there is no way of knowing how far those stocks could decline because nobody really knows what they are worth.