Squawk on the Street SOTS 2nd Hour: Navigating $110 Crude, The Case for EV Stocks, & DHS Developments 3/27/26
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Mar 27, 2026 Rebecca Patterson, senior fellow at the Council on Foreign Relations and former Bridgewater chief investment strategist, offers global macro and geopolitical perspective. She discusses how broad supply risks threaten markets and Treasury functioning. The conversation highlights oil surging past $110, implications for EV demand, and the ripples from DHS funding and airport disruptions.
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Conflict Reduced Consumer Sentiment And Raised Nearterm Inflation
- University of Michigan sentiment fell as conflict started, lowering current conditions and expectations while 1-year inflation expectations jumped to 3.8%.
- Rick Santelli notes yields moved sharply up after cycle lows, with 10-year around 4.44% and market pricing shifting toward inflation risk.
War Has Cumulative Supply Chain And Market Risks
- The Iran war's impact is cumulative across duration, breadth, and policy response, increasing supply chain and market-function risks.
- Rebecca Patterson warns shortages span energy, aluminum alloy, helium, and could force Fed liquidity action if Treasury market depth deteriorates.
Tilt Portfolios Toward Resilience Plays
- Position toward structurally resilient sectors during prolonged geopolitical risk, such as defense and renewables.
- Rebecca Patterson recommends investments tied to resilience, nearshoring, and diversified energy sources.
