US stocks rally as oil's 'macro shocks' give consumers whiplash
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Article Context
US stocks (^DJI, ^IXIC, ^GSPC) rallied in Monday trading, which featured the Dow Jones Industrial Average and Nasdaq Composite both close 1.38% higher. Oil prices (CL=F, BZ=F) have pulled back below $100 per barrel. Globalt Investments senior portfolio manager Keith Buchanan comes on Market Domination Overtime to discuss the "macro shocks" affiliated with the Iran conflict and oil's "transmission mechanism" that is weighing on US monetary policy and consumer spending.
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