Israel-Hamas Conflict Raises Recession Worries, Sends Markets Lower

Escalating Israel-Hamas conflict raising investor recession worries and driving markets lower.

Yardeni Research President Ed Yardeni raised odds of a recession before end of 2024 to 35% from 30%.

Fears that the conflict could spread and affect oil markets, with oil potentially spiking above $100 per barrel.

Concerns about possible preemptive Israeli strike on Hezbollah in Lebanon worsening tensions.

While Middle East conflicts often create buying opportunities, question is how much worse will it get before that point.