A full-blown war between Israel and Hamas has further stoked volatility in global markets, and one Wall Street firm said it could drive investors away from risk assets, mimicking the climate surrounding the Russia invasion of Ukraine in February, 2022.
That also coincided with the Federal Reserve's fastest tightening of monetary policy in 40 years and the subsequent collapse of Silicon Valley Bank and First Republic Bank. .SPX mountain 2022-01-01 S & P 500 Oil prices jumped Monday following the latest Middle East violence, with West Texas Intermediate crude oil futures climbing 3.7%, trading above $85 a barrel. Alpine Macro said volatility in the energy market could drag on if the conflict escalates further.
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