On March 4, Jay Woods of Freedom Capital joined CNBC in the discussion to analyze the market's reaction to ongoing Middle Eastern conflicts. He suggested that markets are currently priced for a short war and that investors are hopeful for a brief conflict. He specifically noted that if the Strait remains closed, the resulting spike in crude oil prices would act as a major tax on the US consumer. From a technical standpoint, Woods described this as a bend but not break market. He directed...
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