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10 March
Beware the risk of a scorched-earth strategy from Iran, say Bank of America strategists
Iranian Parliament Speaker Mohammad Bagher Ghalibaf chairs a session in Tehran while dressed in an IRGC uniform.
Bank of America strategists say investors should keep their hedges in case of a scorched-earth response by Iran. Photo: -/ICANA NEWS AGENCY/Agence France-Presse/Getty Images

Buy-the-dip traders were massively rewarded on Monday after wild swings in oil markets sent Dow futures from down over 1,000 points to a 200-point gain.

Bank of America’s equity derivatives strategists, led by Nitin Saksena, say it’s too early to celebrate.