2026-W13 Weekly Summary¶
Week: 2026-03-23 to 2026-03-29 Source: futu-pw-20260330
Key Events¶
- US+Israel strikes on Iran steel plants and power facilities, escalation continues
- Brent oil crosses $110, highest since 2022
- 10Y Treasury yield hits 4.48% (highest since Jul 2025)
- Trump announces 10-day pause on Iran energy infrastructure attacks until Apr 6
- DXY above 100 → stagflation regime
- China 1-2M industrial profits +15.2% YoY (strong), but oil cost pressure ahead
- Computer/electronics manufacturing profit +2x YoY, non-ferrous +1.5x
Market Data¶
- SPX PE: 20.0
Strategy¶
- Defensive, energy/materials/utilities preferred, tech needs oil decline to recover
- SPX year-end target revised down to ~7000