The Economic Research and Investment Strategy Department of DBS Bank today issued a March 2026 US stock strategy, pointing out that the US-Iran conflict continues, and concerns about stagflation in the US economy are rising. Short-term fluctuations in the US stock market may be influenced by good and bad news related to the war. If the conflict does not ease, it may impact the stock market, with some overvalued technology and industrial stocks facing greater pressure. In the medium to long term, if the profit prospects of the artificial intelligence industry remain positive, it may continue to support the performance of US stocks. In addition, oil transportation through the Strait of Hormuz is disrupted, and if oil prices remain high for a prolonged period, it may be beneficial for oil company profit prospects. The bank has raised its view on energy stocks to neutral. With the slowing US economy and weak construction activity, it has downgraded raw material stocks to neutral.