Several major gauges of fear in the market are reflecting increased alarm from investors.
@VX.1 1Y mountain The VIX over the past year At the same time, CNN's Fear and Greed Index has tipped into "fear" territory this week.
Rising oil prices have also weighed on the stock market, as commodity traders bought in on expectations of escalating conflict in the Middle East.
But he said the key threat to this outlook is if the conflict in the Middle East further spirals.
"But, the caveat is, if things really go sideways in the Middle East, that could change the calculus."
Persons:
Goldman Sachs, Alex McGrath, You've, Dow, Jason Heller, Heller
Organizations:
Federal Reserve, Nasdaq, Dow, Treasury, Coastal Wealth
Locations:
East, Iran, Israel