As the U.S.-Iran war heats up again, these parts of the stock market and economy could be affected
Still, economists are worried that energy prices once again ascending could weigh on consumers and the broader economy. 'All about duration' As far as the...
Key points
- Still, economists are worried that energy prices once again ascending could weigh on consumers and the broader economy.
- 'All about duration' As far as the stock market goes, the war in the Middle East has had little impact.
- "It's about duration," said Art Hogan, chief market strategist at B.
- But he also specified that the broader index will be helped in part by tech — its largest sector which is also relatively insulated from higher energy prices.
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Still, economists are worried that energy prices once again ascending could weigh on consumers and the broader economy. 'All about duration' As far as the stock market goes, the war in the Middle East has had little impact. "It's about duration," said Art Hogan, chief market strategist at B. But he also specified that the broader index will be helped in part by tech — its largest sector which is also relatively insulated from higher energy prices. "We believe the market has become increasingly adept at pricing geopolitical risk as transitory." 'All downside' Economists are concerned about what a potential rebound in fuel prices as a result of the ramp-up in fighting will mean for U.S. Zandi said consumers have turned to savings to prop up spending as energy prices have risen.