Stocks Fall as US-Iran Strikes Spur Rally in Oil

The Fed didn't need an excuse to keep rates painful. Iran just handed it one anyway.

A flare-up in geopolitical risks sent stocks and bonds lower as oil climbed, raising concerns about inflationary pressures that could make the Federal Reserve raise interest rates. Tracie McMillion, Head of Global Asset Allocation Strategy at Wells Fargo, discusses the constructive backdrop for stocks and commodities. (Source: Bloomberg)

Read it at Bloomberg Markets ↗

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