The World Blog by humble servant.

Today’s session, March 24, 2024, was a "yo-yo" performance across the board as the market tried to digest conflicting signals of war and peace. We are seeing a classic "coiling" effect where prices are squeezed between geopolitical fear and the hope for a sudden resolution. Domestic Market Recap The major indices gave back a chunk of yesterday’s relief rally as crude oil prices surged again. The focus has shifted from the "buy the rumor" of peace to the "reality" of continued hostility in the Middle East. S&P 500: Fell 0.4% to close at 6,556.37 . It has been struggling, down roughly 4% this month. Nasdaq Composite: The biggest laggard, dropping 0.8% to 21,761.89 as rising yields put pressure on tech. Dow Jones: Slipped 0.2% to 46,124.06 . Russell 2000: A lone bright spot, rising 0.4% , showing some internal rotation into smaller names. Overseas & Global Chatter Overseas markets are reacting more sharply to the Strait of Hormuz ...