March 2, 2026 Market Moment

Market Moment

Glen Eagle®: America’s Women-Owned Trading Desk®

3/2/2026

Iran produces about 3.3 million barrels of oil per day, roughly 3% of global supply, and sits along the Strait of Hormuz, a chokepoint for about one-fifth of global crude flows. 1
The number of U.S. private companies valued at $1B+ (“unicorns”) rose from 114 ten years ago to 857 by 2025, an annualized growth rate of about 25%. *2
AI data centers can use 50 to 100 times as much electricity as the Empire State Building, straining grids in regions where 8 of 13 U.S. regions already have limited spare capacity. The average US residential electricity bill is up by more than 30% since 2020. 3
Credit and debit card spending rose 2.5% year over year among higher-income households in January, versus just 0.3% for lower-income households. 2

Bloomberg – “What’s at Stake for Oil Markets as Trump Strikes Iran”
MFS – “Beyond the News”
Barron’s – “Tech Giants Are Paying Up to Power AI. These Utilities Will Be Big Winners.”

*Past performance is not indicative of future performance

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This desk commentary is for informational purposes only

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