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Houthi Missiles, Maritime Risk, and the Hidden Price Tag for Global Portfolios One of the most market-relevant developments in the past few days hasn’t been a ...

When “nowhere to hide” becomes the theme: why stocks and bonds are sliding together again One of the most unsettling feelings in markets isn’t simply watching ...

Oil’s “war premium” is back — and investors should treat it like a moving target, not a number One of the cleanest signals coming out of markets right now is ...

Oil Back Above $100: The Market Isn’t Just Pricing Barrels — It’s Pricing Fragility Oil moving back above $100 after fresh Iranian strikes is one of those ...

The Strait of Hormuz Risk Is Back on the Screen — and Investors Should Treat It Like a Portfolio Stress Test One of the most market-relevant stories in the ...

The IEA Just Put a Timestamp on the Worst-Case Energy Scenario — Investors Should Pay Attention One line from the Financial Times stopped me in my tracks this ...

Oil is trying to do two contradictory things at once: price a world that feels more dangerous, and price a set of headlines that hint the danger might peak ...

Oil, shipping lanes, and the “second-order” risks investors keep underestimating If you’ve been reading me for a while, you’ll know I’m not obsessed with ...

Markets Right Now: When the Map Changes, Not Just the Weather If you’ve been reading my notes for a while, you’ll know I’m less interested in daily price ...

If you’ve been with me for a while, you know I try to separate “loud” from “important.” This week, the market is loud. But it’s loud for a reason: we’re ...