Latest Finance-Economy News
K-Shaped Economy Here to Stay Amid Middle East War
Rebecca Homkes from London Business School discusses how the Middle East war is altering global outlooks for central banks, predicting a lasting K-shaped economy. The conflict is reshaping economic trajectories at month-end.
'Buy the Dip' Strategy Persists Post-Iran Cease-Fire
Bill Strazzullo of Bell Curve Trading notes short-term bullish momentum in markets since the Iran cease-fire on March 30th, driven by fundamentals like earnings. He advises buying weakness in major global equity indices.
Markets Rally on Solid Fundamentals After Cease-Fire
Strazzullo attributes the post-cease-fire rally—one-third momentum, two-thirds fundamentals—to strong earnings and sales, keeping short-term outlook bulletproof. No immediate change expected in upward trend.
Bear Market Risks Loom Despite Short-Term Gains
Long-term trends are tapping out with stretched valuations and domestic/foreign issues, signaling a potential pullback or bear market, per Strazzullo. Time to take a step back amid problematic developments.
Middle East Conflict Pushes Oil Prices Higher Indefinitely
Hussein Allidina of TD Asset Management warns markets underprice risks from the conflict, with crude trading challengingly. Prices could climb even post-conflict, with elevated levels lasting years.
Massive Oil Losses Through Straits of Hormuz
Pre-February 27-28, 20 million barrels/day passed through Straits of Hormuz; now 13-14 million lost after rerouting only 5-7 million. This disruption fuels sustained supply shortages.
Brent Crude Hits Strongest Close Since 2022
Brent market closes just shy of $119, the strongest since Russia-Ukraine summer 2022. Commercial and strategic inventories are drawing down significantly.
Strategic Oil Inventories Depleted by 600 Million Barrels
To date, about 600 million barrels have been lost from strategic inventories amid ongoing disruptions. This exacerbates the upward pressure on prices.
Oil Slump Fades on Cease-Fire Hopes
Initial oil slump on Middle East cease-fire hopes reversed as markets climbed higher, but long-term supply issues persist from conflict. Short-term momentum remains strong.
Global Equity Indices Show Bulletproof Momentum
Post-March 30th Iran cease-fire, major global equity indices exhibit resilient short-term bullishness, encouraging 'buy the dip' across the board. Fundamentals underpin the rally.