Weekly Market Recap – April 27, 2026

When the U.S. launched its initial strikes on Iran on February 28,markets sold off broadly. Equities, fixed income and gold fell, while oil rose on fears of supply disruptions and weaker growth. Investors are now looking past the war, but the rebound has been uneven. Risk assets have recovered as growth risks appear manageable, AI remains a tailwind and earnings have held up. Rate-sensitive assets have lagged and oil has pulled back from its peaks but remains above pre-conflict levels, keeping inflation concerns alive and reinforcing expectations for a Fed on pause.