CNBC: S&P 500 falls to new low for year on Iran oil crisis, posts third-straight losing week
- 4 days ago
- 1 min read
Markets are grappling with the ripple effects of rising oil prices and escalating geopolitical tensions, which are beginning to challenge assumptions around inflation and the path of interest rates.
CIO of Global Macro David Aspell spoke with Sean Conlon at CNBC about how this shift is weighing on sentiment across equities.
“Earnings are pretty good, but sentiment is difficult. The oil part of the sentiment and equity valuation embeds an interest rate path, which is now being questioned.”