CNBC's "Fast Money" Stocks Close Off Lows As Iran War Continues… And A Consumer Spending Warning 3/3/26
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Mar 3, 2026 Eamon Javers, a Washington correspondent reporting on D.C. developments around the U.S.-Iran conflict, and Halima Croft, RBC Capital Markets' Global Head of Commodity Research, unpack geopolitics and energy. They discuss market volatility from the Iran war, oil and Strait of Hormuz risks, LNG and global gas stress, and how an oil shock could pressure consumer spending.
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VIX Capitulation Signals Short-Term Bottoms
- Stock panic often reverses quickly with large intraday capitulations as the VIX spikes and then retreats.
- Guy Adami pointed to a VIX high of 28 at 1030 that coincided with the market low and triggered a rebound that erased most losses.
Avoid Selling After Sharp Market Drops
- Don't panic-sell during sharp drops because missing the subsequent rebounds destroys long-term returns.
- The panel referenced the S&P's best 10 days often occurring near the worst days, so stay invested to capture rebounds.
Inflation Signals Can Override Traditional Safe Havens
- Gold and treasuries didn't behave as classic safe havens because inflation and supply pressures (prices-paid data) pushed yields higher.
- Tim Seymour cited hot ISM/prices-paid readings and rising commodity costs that outweighed a flight-to-quality bid.