2026-W09 Weekly Summary¶
Week: 2026-02-23 to 2026-03-01 Source: futu-pw-20260302
Key Events¶
- Feb 28: Israel + US launch strikes on Iran, conflict escalates
- Iran threatens Hormuz Strait closure → 20% global oil supply at risk
- Gold surges on safe haven demand
- MFS blowup triggers private credit and bank stock selloff
- US Jan PPI significantly above expectations, services-driven
- China Spring Festival travel: 596M trips (+19%), but spending per capita -0.23% YoY
- Shanghai property: residency purchase rules relaxed
Market Data¶
- SPX PE: 22.9
- Oil price breakout above $90/barrel
Strategy¶
- Risk repricing underway, precious metals up, growth volatility elevated