A series of deadly attacks between Israel and Hamas pressured the broader markets Monday as investors raised concerns about escalating geopolitical tensions and fears of a wider conflict. Tematica Research CIO Chris Versace joins Yahoo Finance Live to make sense of the market’s reaction. The Israel-Hamas conflict is “another layer of uncertainty that the market’s dealing with,” Versace says, listing off multiple labor strike movements, the economic narrative behind the Fed’s next interest rate move, and upcoming CPI and PPI data prints as other market-moving events. “[There’s] a lot of uncertainty coming into this week, but even more so as we start the week off,” Versace notes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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It’s time to buy some oil stocks. Forget ESG. It’s time to hedge my portfolio against geopolitical risks. Defense and energy stocks to get rerated to reflect geopolitical risk premium.