The Rundown Investors Buy the Dip Despite Iran Conflict, Tesla Secures Bullish Call from Wall St.
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Mar 4, 2026 Markets briefly sell off then rebound as investors buy the dip amid Middle East tensions and oil risk. Trump announces Strait of Hormuz measures and potential economic fallout gets discussed. Bank of America gives a bullish take on Tesla and its camera-only robo-taxi strategy. OpenAI moves toward defense and NATO work. Ross posts upbeat holiday results while GitLab warns of slowing growth.
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Markets Buy The Dip Amid Iran Tensions
- Investors are buying the dip despite early panic over a potential prolonged Middle East conflict.
- The VIX spiked up to 26% intraday then settled, and oil jumped 10% as Strait of Hormuz tanker traffic halted, showing fear but resilient market buying.
Monitor Containment Signals For Market Direction
- Watch whether the Iran conflict stays contained because prolonged energy disruptions could push inflation and markets lower.
- Any sign of de-escalation could spark a major rally, so monitor oil, flights, and Strait of Hormuz developments closely.
BofA Declares Tesla Leader In Autonomy
- Bank of America upgraded Tesla to buy calling it the clear leader in autonomous driving based on a cheaper camera-only approach.
- BofA put a $460 price target and assigned ~$30B potential value to Optimus, betting camera scale beats Waymo's costlier LiDAR approach.