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Stock impact report

People don't know how prices will behave in the near term. Especially right now. [Yahoo! Finance Canada]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Federal Reserve Chair Jerome Powell was asked last week how higher energy prices from the conflict in Iran would affect the economy. "The thing I really want to emphasize is that nobody knows," Powell said . "The economic effect could be bigger. They could be smaller. They could be much smaller or much bigger. We just don't know." The experts with the highest conviction in their forecasts seem to be commodities analysts who are convinced oil prices are headed higher . But even they struggle to understand why prices aren't higher already With the stock market, it's usually the case that people don't know how prices will behave in the near term. But I think this is especially the case right now. For starters, many market participants didn't see the attack on Iran coming. According to BofA's Global Fund Manager Survey, just 14% of market pros cited geopolitical conflict as their top "tail risk" in February. In March, that jumped to 37%. According to TKer Stock Market Truth No. Show less Read more
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