Yang: Iran War Likely to Drag On but Market Can Absorb Shocks
Schwab Network · Schwab Network
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Show Notes
Friday was a busy day for economic data, including PCE and GDP reports. Joy Yang breaks down the latest numbers and reacts to geopolitical pressures on the market. She argues that the Iran conflict will likely not be over soon, which will continue to push oil prices up and impact investor sentiment. She thinks investors are staying on the sidelines, but notes that historically, markets tend to “absorb these types of shocks.” Joy looks abroad for opportunities, staying away from U.S. equities.
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