Sth NY 4 mars; Kospi - 9 procent; När fondförvaltarna tvingas sälja, Oil, Stagflation
Tydliga uppgångar på USA-börserna – flera teknikjättar vinnare
Massflykt från världens marknader
Det sammanvägda indexet MSCI Asia Pacific faller runt 4 procent, samtidigt som sydkoreanska Kospi tappar mer än 9 procent, det största raset sedan den globala finanskrisen år 2008.
DI 4 mars 2026, 07:54
När fondförvaltarna tvingas sälja. Då är vi illa ute.
Peter Malmqvist och Ulf Petersson
DI/TV 4 mars 2026, 09:58
Attack on Iran increases economic hazards facing the US economy from “very high” to “extreme”.
Energy prices and global political turbulence. Core PCE inflation running at 3%. A lasting spike in oil prices could lead to stagflation, – higher inflation plus slower growth, a combination that the Fed is powerless to defeat.
And the US may not have a fiscal-policy backstop to respond to an economic setback due to budget deficits and a growing public debt.
The immediate danger is a setback in financial markets that gets out of hand. In many ways, some such reversal was already overdue, given the apparent overvaluation of US equities
Clive Crook March 4, 2026
Oil Is a New Haven
Listed companies are mostly buyers of energy, not sellers. The energy sector accounts for only 3.5% of the S&P 500.
Traders shifted on Tuesday from ignoring oil to focusing on nothing else.
Until the outcome of the war is clearer, oil moves
up (bad for stocks) and down (good for stocks)
will determine the winners in markets.
James Mackintosh Wall Street Journal March 3, 2026
Börsen stänger med breda uppgångar efter tunga veckostarten
Plötsligt lyft på Stockholmsbörsen – oljepriset backar
Stockholmsbörsen uppgång stärktes från 0,7 till 1,2 procent på kort tid strax efter klockan 11.
Samtidigt faller oljepriset tillbaka till uppgång på 0,3 procent, från tidigare 2,5 procent.
March. 4, 2026
“Why has oil not hit $100 a barrel?”, asks the Financial Times. The best answer seems to be that even now traders are betting that the Strait of Hormuz won’t stay closed for more than a few days. I hope I’m wrong, but I expect the strait to remain closed for weeks despite Trump’s assurances.
Now the good news:
Even if oil prices go much higher, to $100 a barrel and beyond, it won’t necessarily trigger an economic crisis.
I explained why on Monday: The United States and other advanced nations are far less oil-dependent than they were in the 1970s, when oil shocks did cause major economic disruption.
Paul Krugman 4 March 2026
Crude Oil WTI
Hur orolig bör man vara i Sverige?
SvD 4 mars 2026
From Blue Owl Capital Inc. to Blackstone Inc., private credit funds across the industry are facing a wave of withdrawals
Executives warn of additional troubles to come for the industry, with some predicting a "painful" period and others saying only diversified firms will survive.
The industry faces challenges including problematic loans, redemption requests from investors, and the potential impact of artificial intelligence on corporate America.
Bloomberg 3 March 2026
Investors are dumping publicly traded private credit funds as they take losses on bad loans and concerns intensify that AI will wreak havoc on the software companies they have financed.
The vehicles, known as business development companies, are trading at 82 per cent of their asset value, their biggest discount since late 2022 and a sign that investors believe the funds will face further pain, according to FT calculations.
Financial Times 4 mars 2026
Ostrover, Lipschultz, Blue Owl and private-credit; Yes, also JPM
Konflikterna i Mellanöstern ”Öppnar dörren för räntesänkning”
Iran-konflikten har fått priset på olja och naturgas att rusa. Enligt Mattias Persson, chefsekonom på Swedbank, riskerar det här att få negativa konsekvenser för svensk ekonomi.
– Vårt huvudscenario är fortfarande att Riksbanken lämnar räntan oförändrad under resten av året, men om något öppnar Iran-konflikten dörren för en räntesänkning under våren eller sommaren, säger han.
– Man ska inte dra för långtgående slutsatser, men min känsla är att ekonomin är väldigt motståndskraftig. Hushållen har byggt upp sina balansräkningar och är mycket bättre rustade idag än tidigare, säger Annika Winsth.
SvD 4 mars 2026
https://www.svd.se/a/3pE7jd/riksbanken-kan-sanka-rantan-pa-grund-av-iran-konflikten
Dagen innan
https://englundmacro.blogspot.com/2026/03/stockholm-och-new-york-3-mars-2026.html
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