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US stocks posted the worst week since October amid surging oil prices. Weekly market recap, trading week 10/2026

Summary of the trading week using the most popular posts from the X platform

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Global Markets Investor
March 08, 2026

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GLOBAL MARKETS INVESTOR’S PORTFOLIO IS 🔥UP +97%🔥 SINCE JANUARY 2024

DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:

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globalmarketsinvestor.beehiiv.com/c/investment-portfolio

In this series, you can find financial markets posts with the highest number of interactions from my X platform feed over the most recent week. I am aware that not everybody uses X regularly, so I thought it could provide some value to your analysis, and investment process. These posts are surrounded by extra charts, commentary and explanations of complicated topics.

The S&P 500 fell -2.0%, the worst week since October, as the Iran war, rising oil prices, and credit market cracks rattled investors.

WTI crude surged from ~$67 to ~$91, or 36%, the largest weekly jump on record going back to 1990. As a result, oil prices are now their most overbought since 1990.

The VIX spiked in its biggest weekly move since April 2025 sell-off.

Meanwhile, the US Dollar posted its best weekly gain since October 2024 on massive safe-haven demand.

Looking ahead, history suggests the stock market's direction will be determined by oil prices.

In 6 out of 8 past geopolitical conflicts, stocks were negatively correlated with oil, meaning as crude rose, equities fell.

The longer the conflict lasted and the higher oil went, the deeper the drawdown, with the worst being -19.3% during the 2011 Libyan Revolution and -15.9% during the 1990 Gulf War. Put simply, watch what is happening in the Middle East and how oil prices are reacting. Also, do not forget about futhert AI disruptions and private credit market cracks.

In case you missed it, other posts from this week are listed below.

The S&P 500 price action is unprecedented

The market is doing something nobody has ever seen before

globalmarketsinvestor.beehiiv.com/p/the-s-p-500-price-action-is-unprecedented

⚠️US private credit stocks are under heavy pressure

US private credit default rates could hit levels not seen since the 2008 Financial Crisis

globalmarketsinvestor.beehiiv.com/p/us-private-credit-stocks-are-under-heavy-pressure

US M2 money supply keeps on surging

US Dollar purchasing power is eroding continuously

globalmarketsinvestor.beehiiv.com/p/us-m2-money-supply-keeps-on-surging

Investors are hedging against an S&P 500 drop at a record pace

Wall Street has rarely been this fearful

globalmarketsinvestor.beehiiv.com/p/investors-are-hedging-against-an-s-p-500-drop-at-a-record-pace

⚠️CHART OF THE WEEK: Is the US tech bubble bursting?

Technology stocks are experiencing historic underperformance

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-is-the-us-tech-bubble-bursting

Korean stocks are crashing

The South Korean market just had its worst 2-day performance since the Great Financial Crisis

globalmarketsinvestor.beehiiv.com/p/korean-stocks-are-crashing

1) Weekly performance. In the first post attached, you can see last week’s performance of the major US indexes, the VIX volatility index, 10-year Treasury yield, the US Dollar, gold, silver, WTI Crude oil and Bitcoin.

- S&P 500 -2.0%
- Nasdaq -1.2%
- Russell 2000 (small caps) -4.1%
- Dow Jones -3.0%
- US 10-year Treasury yield +8 basis points
- Bank Index -3.6%
- VIX +49%, front month contract VIX futures +29.5%
- US Dollar index +1.4%
- Gold -1.4%
- Silver -9.5%
- WTI Crude Oil +36%

2025 was the year of precious metals and non-US markets

Time to review how major asset classes and stocks performed in 2025 and what might be lying ahead

globalmarketsinvestor.beehiiv.com/p/2025-was-the-year-of-precious-metals-and-non-us-markets

⚠️CHART OF THE WEEK: Will the gold outperformance of the S&P 500 continue for years?

Food for thought regarding gold and the S&P 500 relative performance

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-will-the-gold-outperformance-of-the-s-p-500-continue-for-years

- Bitcoin +1.6%

Is Bitcoin going to $1,000,000?

What to expect from the world's largest cryptocurrency in the coming months and years

globalmarketsinvestor.beehiiv.com/p/is-bitcoin-going-to-1000000

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For the trading week ending March 13, key events are:

- US Existing Home Sales for February on Tuesday

- US NFIB Small Business Optimism Index for February on Tuesday

- US CPI Inflation for February on Wednesday

- US Housing Starts and Building Permits for January on Thursday

- US Balance of Trade for January on Thursday

- US GDP Growth Data for Q4 2025 (second reading) on Friday

- US PCE Inflation data for January on Friday

- US Job Openings for January on Friday

- US Consumer Sentiment for March on Friday

Investors will be paying close attention to US inflation data and headlines regarding the Middle East.

2) The retail investor buying frenzy is intensifying. Is oil the new meme theme?

3) Global debt crisis shows no signs of easing.

4) Oracle is cutting thousands of jobs amid its largest-ever restructuring.

5) Some additional posts that include interesting economic and financial-market data on Japanese insurers and the bond market, cracks in the US credit market, US PPI inflation, crypto-fund outflows, global money supply, and the Korean stock market.

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