The Fox News Rundown Business Rundown: Markets Surge As President Signals De-Escalation in Iran Conflict
Mar 23, 2026
Josh Schafer, Barron’s newsletter editor and market commentator, unpacks markets rallying after a potential de‑escalation in Iran. He discusses stock and oil moves, inflation and rate‑cut odds, tech sell‑offs and selective buy ideas. He also covers credit risks, private credit opacity, and how yields and geopolitics could shape near‑term investor positioning.
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Cautiously Reenter Risk Assets
- Be cautious but start re-taking risk as markets show signs of de-escalation.
- Josh Schafer advised investors to nibble at risk but warned it's not guaranteed the conflict is over and volatility could continue.
Headline Rallies Can't Hide Weak Internals
- Market internals were weakening despite headline rallies, with the S&P 500 closing below its 200-day moving average.
- Schafer noted single-stock messiness and warned that headlines alone won't erase economic fallout or inflation risks.
Earnings Estimates Remain Firm
- Corporate earnings estimates haven't dropped much, so the growth story remains intact for now.
- Schafer said Corporate America still expects a good rest of the year, keeping earnings forecasts steady despite the conflict.