Week in review and thoughts for the week of March 30, 2026

We had another very sloppy week in the US equity markets, although commodities fared better. All three major equity indices are now in correction territory (down 10% or more from their highs) on account of both the Iran war and the rising interest rates the conflict is generating.

The 10-year treasury is up by roughly 50 basis points since the war started, closing on Friday at 4.44%. President Trump in a statement last Monday announced a five-day postponement on attacks on Iranian power plants. (Trump extended yet again on Thursday.) His words briefly boosted stocks and trimmed treasury yields on Monday. But Thursday’s 10-day reprieve hardly resonated. Investors instead braced themselves for what they suspect will be a drawn-out conflict.

Edward Meir

Edward brings more than a decade of hands-on experience in physical trading across aluminum, tin and scrap, paired with a deep fundamental market analysis background. His unique perspective strengthens AMU’s mission to deliver sharper insight, clearer context, and actionable intelligence for professionals across the aluminum value chain.