Wall Street Piles Into Cash in Hopes of a Stock Market Rebound
Traders have Trump’s April tariff reversal in mind as they weigh whether to sell.
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Financial markets may be underpricing the risk that oil prices spike higher, denting growth and boosting inflation, even if the war in Iran ends shortly, says BlackRock President Rob Kapito.
After all, the S&P 500 has lost less than 5% since the war began almost a month ago, hardly a major selloff.