00:00Wall Street indexes fell in Tuesday's March 24th volatilization as investors sway between fears of rising oil prices
00:08in hopes for a resolution to the U.S.-Israeli war on Iran as U.S. President Trump claimed there were
00:14talks
00:14even as reports suggested that more American troops were headed to the Middle East.
00:19U.S. Treasury yields extended gains after a week's auctions of two-year Treasury notes, also adding pressure to equity
00:26markets.
00:28Indexes regained some ground after Trump told reporters that the United States was talking to the right people in Iran
00:34in order to reach an agreement to end hostilities and that Iran has agreed they will never have nuclear weapons.
00:40My report said the Pentagon would send thousands of more troops from the elite 82nd Airborne Division to the Middle
00:46East caused some concerns.
00:49Well, the ugly word of uncertainty is back.
00:53It was there during the Trump era, especially tariffs, right?
00:57Uncertainty, uncertainty, uncertainty.
00:59And then finally it started at the end of 2025.
01:02The VIX got down to around 15 and uncertainty was away.
01:07Things were getting back to normal.
01:08It's back in a big way.
01:10And you're seeing it come out in many different markets in many different ways.
01:14And why is it?
01:15Because volatility amongst many different data points is at a real high.
01:21And it all starts with the one that you've heard, oil, oil, and more oil.
01:26So you have oil prices jumping.
01:29Wall Street indexes on Monday had marked their biggest one-day gain since February 6th as oil prices fell after
01:35Trump had postponed strikes against Iranian power plants
01:39and announced stocks with Iran even as Tehran denied negotiations with the U.S.
01:44But energy prices rose on Tuesday with crude oil futures settling up more than 4%.
01:49According to preliminary data, the S&P 500 lost 24.62 points or 0.36% to end at 6
01:57,557.19 points,
02:00while the Nasdaq Composite lost 184.86 points or 0.84% to 21,762.77.
02:09The Dow Jones Industrial Average fell 87.24 points or 0.19% to 46,121.23.
02:18Among the 11 S&P 500 major industry sectors, energy-led gains during the session while communication services and technology
02:26were leading losses.
02:28First thing that happens during volatility and projecting big energy, people run from tech.
02:34And they run into defensives like energy and utilities and health care.
02:38And you're starting to see that year-to-date, U.S. large growth down 9.5%, U.S. large value,
02:48Russell 1000 value, flat to up 0.12%, a rotation away from risk.
02:54So a lot of volatility, a lot of uncertainty, and the Fed is going to have a lot of fun
02:59trying to thread this needle going forward.
03:01Meanwhile, private credit concerns resurfaced after a report that airs management limited redemptions at 5% at its private credit
03:09fund,
03:10along with Apollo Global Management, as withdrawal requests searched.
03:14Earlier, a survey showed U.S. business activities low to an 11-month low in March
03:18as the Middle East war raised prices for energy products and other inputs.
03:23Higher oil prices have revived inflation deters and complicated the interest rate outlook for central banks.
03:29The U.S. Federal Reserve struck a hawkish tone last week, projecting only one reduction in 2026.
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