Iran, oil, high rates are a bummer

At the risk of stating the obvious, the market has really started struggling. Last week’s hot inflation report, and the spike in interest rates it generated, seemed to get the sell-off rolling. Military strikes between Israel and Iran haven’t helped matters, as they’ve kept oil prices elevated. The market hates it, given the role oil plays keeping inflation high — and the Fed potentially on hold. The S&P’s 1.2% decline Monday pushed the index below its 50-day moving average, confirming the loss of momentum.