Monday's rally on news of talks with Iran faded, and renewed vigor may depend on evidence of progress toward re-opening the Strait. Earnings are light but March PMI data is ahead.
After the best day since war began, stocks turned tail early as crude oil and Treasury yields rose. There's no sign of progress toward ending the conflict or reopening the strait.
War and oil have the spotlight almost to themselves as the week ahead features little in the way of major data or earnings news. The S&P 500 hit six-month lows Friday.
Major indices are on track for the fourth straight week of losses, and are now technically oversold, as the U.S./Iran conflict continues to dominate market psychology.
Liz Ann and Collin examine how geopolitical tensions, rising energy prices, and shifting inflation expectations are driving sharp rotations beneath the surface of equity markets.
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