Bloomberg Daybreak: Asia Edition Oil Pares Gains, Iran War Jolts Global Central Banks
24 snips
Mar 16, 2026 Diana Mousina, Deputy Chief Economist at AMP, offers central-bank perspective on how the Iran conflict may reshape policy. Steven Schoenfeld, CEO of MarketVector Indexes, breaks down oil market moves, shipping disruptions and portfolio diversification implications. They discuss strains on equities, bonds and the policy choices facing major banks as energy shocks ripple through global markets.
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Market Structure Is Vulnerable Near 200 Day Support
- Equity markets are vulnerable with the NASDAQ 100 below its 200-day and S&P sitting near that key support.
- Schoenfeld calls the market 'nervously bearish and cautiously optimistic' because buyers re-enter after three down weeks but critical December lows matter.
Reduce US Overweight And Add International And Commodity Exposure
- Diversify away from a heavy US equity overweight into developed and emerging markets and commodity exposures.
- Schoenfeld specifically recommends increasing allocations to Brazil, China, and India and commodity equities or the Bloomberg Commodity Index ETFs.
Higher Oil Likely Keeps Long Yields Range Bound
- The long bond range tightened as anticipated rate-cut hopes faded; 10-year yields may trade between ~3.95% and 4.4%.
- Schoenfeld expects higher energy to slow growth which caps much larger moves higher in yields.