Excess Returns · Saturday, October 24, 2026
A tech strategist from Baird warns that investors are facing significant macro headwinds, including geopolitical conflict related to Iran and Brent crude trading around $115. These pressures are severely impacting European economies and tech exposure.
“The other big macro that is just now entering the market is the geopolitical. And what I mean by that is it's, really tied to the Iranian situation on what I call phase three.”
“There is a worry that if you look where Brent is right now, it's like the last time I checked, about $115. Um... This is horrible for Europe.”