--- title: "At 23:00, a loud bang, the world was struck" type: "News" locale: "en" url: "https://longbridge.com/en/news/279100846.md" description: "On Friday, the financial markets closed in an extreme manner, with Brent crude oil stabilizing above $103, the US dollar index breaking above 100, and the 10-year US Treasury yield rising to 4.27%. Gold and US stocks fell, with the S&P 500 index approaching the 200-day moving average. The Pentagon dispatched Marines to the Middle East, which could lead to legal and insurance blockades in the Strait of Hormuz. Market attention on oil prices and the S&P 500 intensified, with oil prices breaking above $100. If the S&P 500 falls below the 200-day moving average, the market will enter a new round of shocks" datetime: "2026-03-13T23:26:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279100846.md) - [en](https://longbridge.com/en/news/279100846.md) - [zh-HK](https://longbridge.com/zh-HK/news/279100846.md) --- # At 23:00, a loud bang, the world was struck ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OmVOoH1kmlUIMkvdjoEB46RUeV4rgBbZNhLBVule2Mkg8AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) —— "The loud bang" may just be the prelude. On Friday, the financial markets closed in the most extreme manner: - Brent crude oil firmly stood above the 103 level, the US dollar index also broke above the 100 level, and the 10-year US Treasury yield rose to 4.27%; - Gold and US stocks fell together, with gold prices dropping to around $5,000, and the S&P 500 index about to touch the 200-day moving average. Friday's close felt like it ended with "a loud bang" — such a close means that Monday's opening is likely to begin with "a loud bang" as well. First, the turning point occurred around 23:00 Beijing time when The Wall Street Journal published a report: The report cited sources saying that the Pentagon is sending a Marine Expeditionary Force to the Middle East, typically composed of several warships and 5,000 Marines and sailors. The US side stated that it would not escort ships through the Strait of Hormuz until the Iranian threat diminishes — this news was the heaviest blow. As long as the US military does not explicitly provide escort, global large oil tanker companies will basically not risk sending ships through, which means the blockade of the Strait of Hormuz has shifted from a "physical blockade" to a "legal and insurance blockade." This indicates that the situation is further escalating, and there is no conclusion on when this crisis will end; the most dangerous scene has yet to occur. Second, the stock and bond markets are truly hit by oil prices. The US stock market has hit a new low for the year. More dangerously, even so, the market has not yet seen "panic selling." This is because the market believes that high oil prices are only temporary, and the stock market can still hold up; many still believe that oil prices will fall once the war ends. The real tension lies in the bond market. Over the past week, US Treasury yields have generally risen by 15-17 basis points, and since the war began, the entire yield curve has risen by 30-37 basis points. Most critically, the market's expectations for interest rate cuts have suddenly disappeared. Before the war, the market expected two rate cuts this year; now there is less than one left, and oil prices have directly altered the monetary policy path — pulling the market back from a "loose cycle" to an "inflation risk cycle." Third, the market is focused on two things: $100 oil prices and the 200-day moving average of the S&P 500 index. Now that oil prices have broken $100, the latter has become the focal point. If the S&P 500 index falls below the 200-day moving average (the last "psychological cover" for the entire market), the market will truly enter the second phase of the shock. The war in the financial markets often begins with oil prices breaking $100. To see our deeper insights into the global market, you can subscribe to "Global Market Notes: Amidst the Gunfire, All In." After the loud bang, the shattered defenses leave some things irretrievable. 1. **Latest Release:** "Next Week's Gold and Oil" strategy, is it the most dangerous moment? Has the gold plunge begun? How will oil prices move? Please see the answers 2. Exclusive interpretation: Is it really a "oil crisis," or just a "false alarm"? How will the Iran war ultimately conclude? What is the limit of rising oil prices? How long will they remain at high levels? Everything starts with crude oil and ends with crude oil. 3. Will the fighting in the Middle East drag down the Chinese stock market as well? Wall Street names 7 Chinese stocks to watch this week. 4. 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