The Economy Just Shed 92,000 Jobs as Oil Prices Surge and Inflation Creeps Up. History Says the Stock Market Will Do This Next.
Yahoo Finance·2026-03-17 22:44
Since the 1970s, major oil shocks -- sudden, drastic increases in oil prices driven by geopolitical supply disruptions -- have struck five times. Each time, a bear market followed. Now, with the war in Iran, oil shock No. 6 is taking shape, and it's arriving at a moment when the economy is already showing signs of stagflation -- a particularly tricky economic situation in which inflation rises and growth stalls at the same time. Will AI create the world's first trillionaire? Our team just released a repo ...