Crude Oil Prices May Impact Inflation: Tom Essaye Quoted in Forbes
Lockheed Martin, Northrop Grumman Stocks Notch Best Days In Years Amid Israel-Hamas Conflict
Defense stocks surged while the broader market dipped Monday as Wall Street sifted through the market fallout of the conflict between Israel and Hamas, which escalated this weekend by the latter’s historic attack.
Sevens Report analyst Tom Essaye attributed this early slump to “rising geopolitical tensions,” pointing to how the related surge in crude oil prices may impact inflation and thus could keep monetary policy tighter.
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