A three-week-old oil crisis has sent shockwaves through markets. Investors had hoped that the disruption would be short-term, but now expect a longer period of uncertainty. The market’s reaction to this event was swift and severe – stocks and bonds plummeted together. Even gold, often a safe-haven asset, is experiencing its worst week since 1983. With traders pricing in a nearly 50% chance that the Federal Reserve will raise interest rates instead of cutting them next time, the S&P 500 is facing its longest weekly losing streak in over a year.
Source: https://www.bloomberg.com/news/articles/2026-03-20/wall-street-angst-mounts-as-oil-shock-fed-freeze-roil-markets