From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 3/17/2026
U.S. stocks are higher Tuesday morning as the market looks to continue its rebound this week. Volatility in oil prices continues as Brent crude prices crossed the $100 market yesterday and briefly touched $104 this morning. The U.S. said it is still working on a coalition to assist in the opening of the Strait of Hormuz, though some allies have said they were not interested in joining. Investors continue to monitor the war, which enters its third week as both sides continue with strikes.
Pending home sales unexpectedly rose 1.8% in February, surpassing expectations of falling 1.0%. Sales declined 0.8% from a year earlier. Month-over-month gains were led by the Midwest, South, and West, while the Northeast saw a decline.
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