Will the Stock Market Crash as the Oil Shock Hits the Economy? History Says the S&P 500 Will Do This Next.

Average gasoline price has soared to $4.10 per gallon—its highest level in nearly four years—driven by the war in the Middle East. The spike increases upside risk to inflation and will likely weigh on consumer spending and fuel-sensitive sectors (travel, autos), creating short-term market volatility.

Analysis

Average gasoline price has soared to $4.10 per gallon—its highest level in nearly four years—driven by the war in the Middle East. The spike increases upside risk to inflation and will likely weigh on consumer spending and fuel-sensitive sectors (travel, autos), creating short-term market volatility.