Luke Vargas

Coming up, why bonds aren't proving to be the safe haven that many investors hope for, and Netflix looks to go big on its NFL coverage.

Those stories and more after the break.

2026 was shaping up to be a banner year for Wall Street.

Just ahead of the new year, economic growth was accelerating.

The Federal Reserve appeared set to make further interest rate cuts, and markets had moved past fears of international trade disputes.

And even when concerns set in that the AI boom could drag down software stocks and cracks started to show in the private credit market, stocks kept on moving higher.

But so much for that.

Investors are now just hoping to avoid a global recession triggered by a historic run-up in energy prices, with U.S.

stocks on track to deliver their worst quarter in nearly four years.

So where can investors find safety amid the war in Iran?

As the journal's Sam Goldfarb is here to discuss, the answer, lately at least, has been not very many places.

Sam, your latest reporting revolves around bonds.

Tell us what's going on in bond markets.

Yeah, yields very closely linked to interest rate expectations, as you mentioned.

And another factor you write about is inflation fears, those fears rising now because of energy prices in particular.

And that's something that we know the Fed uses in its long-term rate outlook.

And finally, Sam, as we've discussed, there's already been a lot of bond market movement in the first few weeks of the Iran war.

What's going to determine the road ahead from here?

That was Journal of Markets reporter Sam Goldfarb in New York.

Sam, thank you so much.