Wall Street Faces Potential Slide As Middle East Conflict Persists

Jobless claims for the week and scheduled Fed speeches on Thursday are expected to attract market attention and could move rates/market positioning. Ongoing Middle East tensions, particularly a deteriorating U.S.-Iran situation, have eroded hopes of de-escalation and are likely to keep risk appetite muted and volatility elevated.

Analysis

Jobless claims for the week and scheduled Fed speeches on Thursday are expected to attract market attention and could move rates/market positioning. Ongoing Middle East tensions, particularly a deteriorating U.S.-Iran situation, have eroded hopes of de-escalation and are likely to keep risk appetite muted and volatility elevated.