I'm seeing a ton of posts regarding the war in correlation to market movement, and I want to provide some advice.... Not financial advice, but insight into what's happening...
The market is NOT going to bounce as long as the war continues, and the Straight of Hormuz is "closed". This is a global economic disaster, and it only compounds upon itself everyday it continues.
This not only affects oil and LNG, but fertilizer, helium, sulfur and more. This effects every single global industry. Think food shortages, semiconductor production, plastics, etc...
It DOES NOT matter if the US is energy independent. It's a global issue. The USA has enough energy for itself, but they don't produce enough goods and foods to be truly self-sufficient.
This effects every industry. This will effect margins. This effects everyone's bank account. Diesel is used in every vehicle that transports goods to and across the USA. Necessities will cost more, and expendable income from the consumer disappears.
Don't react to the tweets, and regarded press conferences. The Trump administration is just jaw boning to keep oil prices down and markets up as long as possible. It's not fixing anything. Even if the USA does retreat, that doesn't mean the Straight reopens!
Use your brains. Don't react to the daily BS. If the war is on, and the Straight is closed, there will be no market recovery.
Inflation data hasn't even been released yet for March. Wait until it gets worse for April. Wait for when supply shocks hit the western world. The market will fall off a cliff.