US consumers will feel the pinch from the Iran war even if stocks and the dollar don't, a finance guru says [Business Insider]
GE Aerospace (GE)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in US stocks and the greenback are shrugging off the Iran conflict, but American consumers face pain. Finance professor Derek Horstmeyer flagged the risk of persistent inflation in a recent interview. AI companies might carve out niches, and bears should be careful betting against the boom, he said. American consumers will feel the pinch from the Iran conflict even if stocks and the dollar don't, one market guru says. Loading audio narration... Derek Horstmeyer, a finance professor at George Mason University's Costello College of Business, says it's striking how the S&P 500 and the greenback have responded to a major military engagement. It's "hard to believe that you could start a war" that sparks the closure of the Strait of Hormuz — shutting off 20% of the global oil supply and spiking crude prices to over $100 a barrel — and have the S
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