Brian Levitt
👤 SpeakerAppearances Over Time
Podcast Appearances
What do we need to reverse that so that we're not looking at 40% of the market negative on the year?
So there's two interesting things happening at once.
I'd love to get both of you guys what you think.
The oil price spike from the Iran war
It's like it really threw a monkey wrench into everything because it did two things.
The first is obviously it screwed up the broadening trade.
Correct.
And it took like a whole chunk of the market down.
And these were stocks that were starting.
We were starting to see the 52-week high list expand.
Yes.
And that totally went into reverse.
So it did do that.
And then simultaneously, it raised inflation expectations significantly.
even though oil is one input, it kind of brought like CPI back into the focus again.
Correct.
It knocked the Fed rhetoric on its heels.
And so...
like the whole housing component of the stock market and throw it out.
Like it's, forget it.