🚨 Oil just hit a 5-month high, and the Dow felt it.
Brent touched $117.38 Friday, its highest since late April, and ended the session near $116 (+2.7%). WTI sits above $102. The trigger: Houthi attacks on Saudi Arabia, an Aramco HQ evacuation, and a tanker spill off the UAE. The Dow dropped 476 points while the Nasdaq edged up.
🟢 Bull case: Energy names get a cash-flow windfall, and tech held up despite the oil shock.
🔴 Bear case: $116 oil feeds inflation fears. Consumers already expect 4.7% inflation next year, and the 10-year is knocking on 5%.
Hedge with energy, or wait for the Middle East to cool? 👇
$OIL $XOM $CVX $SPX500 $NSDQ100 $NVDA $TSLA $AAPL $MSFT $AMZN $META $GOOG $BTC
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