Something Just Broke in the Global Markets

Chaos at the Asian open last night with uncontrolled panic buying sending oil prices up to as high as $120 per barrel. Thankfully, they backed down and actually ended the day down by 8%. Still, that wild ride isn't good, indicating the world is really struggling with the oil challenge. We're already seeing significant fallout across the world, from dollars to stocks. Eurodollar University's Money & Macro Analysis-------------------------------------Join us for our free webinar Thursday March 26, 2026 at 6pm ET. With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. Sign up below:https://eurodollar-university.com/home-page-web-------------------------------------Oil Near $120 Sparks ‘Stampede to Sell’ in Stocks and Bondshttps://www.bloomberg.com/news/newsletters/2026-03-09/oil-near-120-sparks-stampede-to-sell-in-stocks-and-bondsBroad agreement in G7 not to release oil reserves just yet, says G7 officialhttps://www.reuters.com/business/energy/broad-agreement-g7-not-release-oil-reserves-just-yet-says-g7-official-2026-03-09/Oil Market Chaos to Deepen as More Gulf Giants Cut Outputhttps://www.bloomberg.com/news/articles/2026-03-08/oil-market-chaos-set-to-deepen-as-more-gulf-giants-cut-output$100 Oil Shock Set to Strain Asia’s Cash-Strapped Governmentshttps://www.bloomberg.com/news/articles/2026-03-09/-100-oil-shock-set-to-strain-asia-s-cash-strapped-governmentsJapan’s Nikkei Enters Correction as Oil Spikes, Iran Fears Weighhttps://www.bloomberg.com/news/articles/2026-03-08/japan-equities-set-to-resume-fall-on-escalating-middle-east-woesPrice Caps, Rationing and Stockpiling: Alarm Swells Over Oil Disruptionshttps://www.nytimes.com/2026/03/09/business/iran-oil-gas-asia.htmlYardeni Raises Odds of US Market Meltdown to 35% on Iran Warhttps://www.bloomberg.com/news/articles/2026-03-09/yardeni-raises-odds-of-markets-meltdown-to-35-on-iran-war-riskshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU