🌟🌟🌟Oil already jumped 5% on the US Iran strikes with Brent around USD 94 to USD 95 and WTI near USD 90. Markets closed lower because traders are pricing in higher inflation, higher rates and uncertain conflict duration.
Should you buy beaten down tech stocks now? Not yet. Tech is extremely rate sensitive and Morgan Stanley warns that a prolonged conflict could box in the Fed, reducing the odds of rate cuts and keeping financial conditions tight.
Tech only becomes a buy when Oil stabilises, inflation expectations cool and Fed regains confidence to cut. Right now, none of those conditions are met.
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