Market focuses on oil prices amid Iran war, watching for market bottom via sector rotation, not capitulation.

The market is closely watching oil prices affected by the Iran war and anticipating when the conflict might end. Investors expect that once fighting stops, international trade and critical resource supplies like oil and fertilizer will recover. Market corrections typically bottom out through capitulation, sector rotation, or prolonged low sentiment; currently, the market favors sector rotation. Despite bearish news, S&P 500 earnings expectations have risen since the war began, indicating resilience in some sectors like fiber optics. MarketGauge emphasizes a systematic, risk-managed approach to trading amid these trends.