Oppenheimer Warns S&P 500 Could Fall Below 7,000 Amid War, Inflation Risks

SPX500-0.14%
Oppenheimer senior technical analyst Ari Baldi warned today that the S&P 500 index could fall below 7,000 as geopolitical tensions between the U.S. and Iran, persistent inflation concerns, Federal Reserve policy uncertainty, and seasonal market factors converge. Baldi noted that while market momentum remains intact, the combination of these headwinds poses downside risks to the broader index in the near term.
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