economy
March 14, 2026
Week in review: How we navigated the Iran war-driven surge in oil that slammed stocks
The S&P 500 suffered its first three-week losing streak in roughly a year.
TL;DR
- The Iran war caused a spike in oil prices, with Brent crude settling above $100 and West Texas Intermediate surging.
- The S&P 500 experienced its first three-week losing streak in approximately a year, with most sectors declining.
- Jim Cramer recommended sitting on hands initially due to volatility but advised against exiting the market entirely.
- Buying opportunities were identified as the S&P Short Range Oscillator flashed oversold, leading to additions in Procter & Gamble and Alphabet.
- Concerns about stagflation (higher prices with little economic growth) have emerged, dampening expectations for Federal Reserve interest rate cuts.
- The Iran war increased the probability of cyberattacks, making cybersecurity stocks like CrowdStrike attractive investments.
- CrowdStrike CEO George Kurtz noted increased cyber terrorism and potential targeting of companies related to the conflict, with China also ramping up activities.
- The article mentions CrowdStrike and Palo Alto Networks as cybersecurity investments, with a preference for CrowdStrike.
- The CNBC Investing Club provides trade alerts to subscribers, with specific waiting periods before executing trades.
Continue reading the original article