Secretary of State Marco Rubio told G7 ministers today the Iran war will last another 2-4 weeks. The Axios report sent markets reeling as investors absorbed extended timeline fears. US stocks posted their worst day since the crisis began three weeks ago.
Crude jumped 4% today as ships bypassed cargo to carry fuel instead. Shipping costs soared nearly $5B since conflict started. Fertilizer prices spiked globally threatening harvests from Minnesota to Punjab.
Treasury markets showed strain as Iran uncertainty sparked trading difficulties. Bond dealers reported worsening liquidity in recent weeks. Consumer sentiment declined in March as oil price fears spread through the economy.
BUR Burford Capital crashed today after a court struck down a $16.1B ruling. The litigation finance firm absorbed massive losses on the adverse judgment.
SAP SAP acquired Reltio to power enterprise AI capabilities. The German software giant pushed deeper into data management as AI spending accelerated globally. European markets closed mixed despite the M&A activity.
XOM Exxon and ConocoPhillips grabbed massive target hikes from Morgan Stanley this week. Analysts boosted oil targets 30-40% as crude held above $95. Devon Energy topped options sentiment rankings soaring 40% year to date.
Bears piled into rental cars as CAR Avis Budget SI exploded 12 points to 67.7%. Travel demand fears intensified despite CCL Carnival grabbing a target boost to $39 from Mizuho today.
Walmart insiders dumped $403M this week while Asian executives showed rare conviction buying. Capital markets stayed frozen with zero IPOs scheduled.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
