Bob Elliott
· Nonconsensus
· March 15, 2026 at 22:06
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author notes that the Iran war negatively impacted both stock and bond markets in the prior week. The focus for the upcoming week is on the Federal Reserve's response to the resulting oil shock and assessing what is currently priced into the markets.
•The Iran war was the primary driver of market weakness last week, affecting both stocks and bonds.
•The upcoming week's main event is the Federal Reserve's reaction to the oil shock caused by the conflict.
•The author suggests it's important to assess what is currently priced into the markets given the rapidly evolving situation.