USOI - Possible Rising Recriminations Face The Stock Market
2024-04-15 22:40:00 ET
Summary
- Further hostilities between Iran and Israel could also cause a spike in the price of oil that is sure to rattle global markets.
- While there is a chance that the Israel-Iran conflict may de-escalate this week, I seriously doubt that the war in Ukraine will calm down, and two wars escalating will be a bit much for the global energy markets.
- A 10-year Treasury yield near 5% will not be cheered by the market, the same way it was unwelcome last October.
Nobody can predict if the cycle of acrimonious recriminations between Israel and Iran will stop this week – after the Iranian retaliation for the destroyed Damascus consulate – or whether it keeps spiraling out of control, which could keep this market correction going....
Possible Rising Recriminations Face The Stock Market