[Chart courtesy of MarketWatch.com] The major indexes opened weak and stayed under pressure for most of the day, as oil prices kept climbing on fresh worries from the U.S.-Iran conflict. West Texas Intermediate crude swung between $93 and $100 a barrel, while Brent surged 3% to $111 after Iran struck a key LNG export facility in Qatar and Israel hit …
Geopolitics & Sticky Inflation – Risk-Off Mood Dominates
[Chart courtesy of MarketWatch.com] The major indexes opened lower and stayed under pressure all day, as a hotter-than-expected producer price index (PPI) report added fuel to inflation worries. The PPI—measuring wholesale prices—jumped 0.7% in February, way above the 0.3% economists had forecast. That came on top of the ongoing Iran war, which has already jacked up oil prices and stoked …
Small Caps Lead Rally – Indexes Snag Second Green Day
[Chart courtesy of MarketWatch.com] The major indexes kicked off on a positive note, building on yesterday’s momentum as traders stayed focused on the latest twists in the U.S.-Iran conflict. Oil prices were volatile again—Brent crude bounced 2% and traded above $100 early—but the headline noise didn’t kill the bullish mood. President Trump said a coalition to protect shipping through the …
Geopolitical Pause Sparks Rebound – Nasdaq Leads Green Day
[Chart courtesy of MarketWatch.com] The major indexes bounced nicely early on, as traders took comfort that the U.S.-Iran situation didn’t escalate over the weekend. Geopolitical tensions stayed in check, and with stocks looking oversold after recent weakness, dip-buyers jumped in to fuel a rebound. Meta climbed more than 2% on a report (which the company called “speculative”) that it’s planning …
Macro Data Solid – But Geopolitics Overpowers Everything
[Chart courtesy of MarketWatch.com] The major indexes opened under pressure and stayed there for most of the day, as oil prices kept surging on supply disruption fears from the ongoing U.S.-Iran war. West Texas Intermediate crude jumped 9% to around $95 a barrel, while Brent climbed 8% to roughly $100. Iran’s new Supreme Leader Mojtaba Khamenei (appointed March 9) doubled …
CPI In Line, Yields Rise – Mag 7 Holds Up, Metals Slide
[Chart courtesy of MarketWatch.com] The major indexes opened lower as traders kept one eye on the ongoing U.S.-Iran conflict and oil prices, which spiked early on worries about supply disruptions. The Dow was the biggest laggard, but the broader market got a lift later when the International Energy Agency announced it would release 400 million barrels from its reserves—the largest-ever …