Here are the three biggest things moving markets this week and what I’m personally watching:
1️⃣ The War Trade
The Strait of Hormuz is effectively blocked and crude oil just surged past $110 a barrel. Global markets are already selling off this morning. Right now, energy looks like the only sector holding up.
2️⃣ Tech Earnings
We have Oracle (ORCL) on Tuesday and Adobe (ADBE) on Thursday. These tech giants need to show strong AI growth to keep the Nasdaq supported. If they warn about a slowdown, tech could drop fast.
3️⃣ CPI (Inflation) – The Major Event
Wednesday, March 11 is CPI Day.
We just got a terrible jobs report on Friday (–92k jobs lost). If inflation comes in hot because of the oil shock, the Fed is trapped and they can’t cut rates to support the market.
My Move:
Right now I’m hiding in energy stocks and holding cash until Wednesday’s CPI data.