JPMorgan Sees 10% Correction in S&P 500 as War Risks Build Up

US stock traders are unprepared for a correction in the S&P 500 that would see the gauge fall as much as 10% from its peak as a result of the war in Iran, according to JPMorgan Chase & Co.’s trading desk. Andrew Tyler, JPMorgan’s head of global market...

Yardeni Raises Odds of US Market Meltdown to 35% on Iran War

US stocks are facing a growing risk of a sharp selloff this year as the escalating war in Iran hurts global markets, according to veteran strategist Ed Yardeni, updating his outlook for what he describes as “fast-moving times.” Yardeni has raised the probability of a...

Oil Shock Looms for China After Inflation Got Boost From Holiday

China’s consumer-price growth accelerated to the quickest in over three years and factory deflation moderated again, after a rally in energy markets and as household spending boomed during a later-than-usual Lunar New Year holiday. The consumer-price index climbed...

Japan’s Stagflation Risk Mounts With $100 Oil and Sagging Yen

The surge in oil prices combined with a sagging yen raises the risk that Japan will slide into stagflation, prompting the government to ramp up fiscal spending while complicating the central bank’s mission to normalize its policy settings. Oil topped $100 per barrel...

Global Economy Faces Widening Strains as Mideast War Intensifies

The economic fallout from the war in the Mideast is spreading outside the region. Persian Gulf ports have turned into military targets. The vital Strait of Hormuz is effectively closed, sending fuel costs and shipping rates soaring. Vessels can’t reach a container hub...