Liontree Weekly Update
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Liontree Weekly Update
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202620252024

Geopolitical concerns spiked even higher this week, sharply dragging down the major indices (the S&P 500 fell -1.9% and Nasdaq fell -2.1%). The war’s implication on oil dominated headlines…Saudi Arabia’s warning that crude could exceed $180/bbl if disruptions persist past April caused a bit of a stir. Regarding the Fed rate meeting, as expected, current rates were maintained, but the hawkish bent concerned the Street, plus PPI was hotter than expected.

Geopolitical concerns spiked even higher this week, sharply dragging down the major indices (the S&P 500 fell -1.9% and Nasdaq fell -2.1%). The war’s implication on oil dominated headlines…Saudi Arabia’s warning that crude could exceed $180/bbl if disruptions persist past April caused a bit of a stir. Regarding the Fed rate meeting, as expected, current rates were maintained, but the hawkish bent concerned the Street, plus PPI was hotter than expected.

Geopolitical and macro concerns dominated headlines, pushing the major indices down for the 3rd straight week (S&P 500 fell -1.6% and Nasdaq retreated -1.3%). As part of that, WTI crude rallying +8.2% this week was a major focus (it is up more than 47% since the start of the conflict) and uncertainty remains high going into the weekend.