S&P 500 (^GSPC) down 4%, analysts anticipate market recovery

AI Summary

The S&P 500 (^GSPC) is down approximately 4% and nearly 6% below its all-time high despite oil prices exceeding $100 since the Iran conflict began. On a positive note, the index saw a 2.9% gain recently, the largest since May, following statements from President Trump about potential military withdrawal from Iran. Analysts from Yardeni Research are expected to lower the recession probability from 35% to 20% if clarity on the Middle East improves. UBS notes that hopes for conflict resolution can drive markets higher, reinforcing the need for long-term investment positions.