What smart people are saying about the market sell-off
The US stock market has fallen for the fifth consecutive week due to the US-Iran conflict, with the Dow and Nasdaq entering correction territory. Analysts believe the White House's assurances about the war's timeline have not been effective in calming the market.
The US stock market has fallen for the fifth consecutive week. The Dow and Nasdaq have entered correction territory, with declines of over 10% from their peaks. This is due to the ongoing US-Iran conflict and its impact on oil prices. The S&P has also suffered five straight weeks of losses. Analysts are pointing to the White House as a major factor in the sell-off. They believe the administration's tactics to calm oil prices have not worked. The conflict is causing uncertainty and volatility in the market.
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