SPX "Sliding Window" on Iran Headlines, Finding Safety in Tech & Utilities

Nathan Peterson of Charles Schwab says markets "want to be higher" as the S&P 500 remains resilient despite higher crude oil prices and geopolitical uncertainty. He cautions that a pullback below key technical metrics would likely trigger deeper selling, implying a need for careful positioning.

Analysis

Nathan Peterson of Charles Schwab says markets "want to be higher" as the S&P 500 remains resilient despite higher crude oil prices and geopolitical uncertainty. He cautions that a pullback below key technical metrics would likely trigger deeper selling, implying a need for careful positioning.