The ‘fog of war’ could soon lift for stocks. These risks still loom.
US stocks are expected to end their worst quarter in four years with a big swing to the upside, despite ongoing concerns over the Iran war and its impact on oil prices. The market's 'fear gauge' has surged in recent months, but stocks have gained on reports that President Trump may be willing to end the US war in Iran without reopening the Strait of Hormuz.
US stocks are looking to end their worst quarter in four years with a big swing to the upside. The final trading day of the month has been marked by contradictory signals from the White House and Iran war headlines. The Cboe Group's VIX index, a measure of market volatility, has surged in recent months. Despite this, stocks have gained on reports that President Trump may be willing to end the US war in Iran without reopening the Strait of Hormuz. Oil prices remain elevated, with Brent crude at $107.16 a barrel and WTI crude over $100 a barrel. The Federal Reserve has delayed interest-rate reductions due to inflation concerns.
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