Markets and Economic Updates for March 2026: Geopolitics, Inflation, and Market Shifts

On March 3rd, senior leaders from Hancock Whitney Asset Management hosted their March 2026 Markets and Economic Update Webcast, discussing recent geopolitical developments, the evolving economic outlook, and what these dynamics could mean for markets and portfolios in the months ahead.

A key focus of the discussion was the escalating conflict between the United States, Israel, and Iran, and the potential ripple effects across global markets. The team examined how the conflict has already impacted energy prices, inflation expectations, and investor sentiment, while also assessing the possible scenarios that could unfold if tensions persist.

Beyond geopolitics, the conversation also explored the broader economic backdrop, including recent GDP data, labor market dynamics, and emerging shifts within equity markets. Despite increased uncertainty, the team noted that underlying economic fundamentals remain relatively solid, with continued productivity growth and improving earnings expectations supporting the longer-term outlook.

Watch the March 2026 Markets and Economic Webinar

Webcast Highlights: Key Takeaways

• Crude prices are up about 22% from last week… the key thing is how long this lasts and whether higher energy prices begin to push inflation expectations higher.
• Markets are seeking to understand what’s going on—there’s a lot of uncertainty right now, and for the first few days volatility is likely while investors assess the risks.
• About 87% of GDP has been growing pretty consistently between 2% and 3% over the last couple of years… the underlying economy remains pretty solid.
• Money is flowing into the mid- and small-cap spaces in a big way… investors are looking for better valuations and better growth opportunities.
• We’re starting to see some friction from the government shutdown affecting parts of the Department of Homeland Security and federal employees.
• For bonds, we still expect something like a 4–5% return for the year as markets eventually refocus on the core fundamentals.
• We’re staying neutral and cautious on equities for now—the underlying picture supports equities, but the environment is highly uncertain.

We encourage you to listen to the full recording for deeper insight into how these developments may influence markets and portfolio positioning in the months ahead.

Disciplined investing is more important now than ever.

Our Asset Management team at Hancock Whitney is ready to help you align your portfolio to weather uncertainty and pursue long-term goals. Contact your Private Banker today.

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