Closing Bell Closing Bell Overtime: Stocks Give Back Some of Monday’s Rally In Volatile Session 3/24/26
Mar 24, 2026
Markets swing as volatility picks up and stocks give back Monday’s gains. Debate over oil, inflation, and Fed policy shapes positioning. Microsoft’s AI strategy and industry moves spark a Wall Street split. Housing and KB Home’s weak guidance raise concerns for builders. Credit stress and private market strains draw attention alongside an important legal clash over AI regulation.
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Price In Oil And Rate Scenarios To Manage Equity Risk
- Expect equity multiples to compress if higher oil keeps inflation fears and rates elevated, so price-in scenario outcomes.
- Michael Kantrowitz recommends watching oil and interest rates since multiples moved ~6–7% lower already.
Microsoft AI Pivot From Training To Agentic Inferencing
- Microsoft’s AI strategy may shift from training to inferencing and agentic AI, enabling attach rates across 365 and Dynamics.
- Tal Liani argues 15M Copilot seats plus variable agent revenues could translate into multibillion dollar upside beyond current seat counts.
Copilot Seats Understate Future AI Revenue Potential
- Current Copilot seat counts understate future AI monetization because variable revenue from agents and usage will emerge over time.
- Tal Liani calculates 15M seats at $60/month already implies ~$5.5B and more revenue will attach to agents.