$ENERGY - Energy and commodities expected to perform well due to Middle East war driving oil prices higher and creating supply constraints.
$AGRICULTURE - Agricultural commodities poised to rise due to energy price spikes causing fertilizer shortages and rising production costs amid already stressed farming sector.
Bearish:
$SPY - S&P 500 faces headwinds from geopolitical crisis, Fed constrained by inflation, and concentration in mega-cap tech stocks.
$EQUITIES - Global recession likely due to Middle East war and energy crisis, with Fed unable to provide liquidity support.