Squawk on the Street Iran War Effect on Markets, March Misery for Meta, Cramer: Wall Street in "Denial" 3/26/26
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Mar 26, 2026 Discussion of how Iran war developments are rippling through energy and Treasury markets. Analysis of a brutal March for a major tech giant after legal losses. Debate about defensive sectors, reshoring plays in steel, and whether Wall Street is ignoring risks. Coverage of memory chip sell-offs, private credit strains hitting bank earnings, and AI threats to software winners.
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Iran Conflict Is The Immediate Market Driver
- Iran war headlines are driving oil and market volatility more than fundamentals right now.
- Jim Cramer and Sara Eisen point to troop movements, Trump messaging, and Gulf state reactions as the key market drivers.
Buy Defensive Pharma On Recession Fear
- Buy defensive pharma like Pfizer and Merck when markets price in recession or inflation shocks.
- Jim Cramer highlighted Pfizer and Merck rallies as recession-proof buys after recent risk-off moves.
Meta Lawsuits Create Noise Not Necessarily Long-Term Drag
- Legal verdicts against Meta are headline risks but likely to face reversal higher up the appeals chain.
- Cramer likened early wins to plaintiff momentum but warned appellate courts often narrow such rulings.