Dear readers,
On Friday, I joined my colleagues R. Patrick Kent, Sam Rahman, and David Salem as a panelist on the latest episode of Protect the Pile.
We explain why the escalating U.S.-Israel-Iran conflict and closure of the Strait of Hormuz could mark a major turning point for markets. We also examine the oil shock, rising stagflation risk, and broader policy fallout, arguing that investors need to get more defensive as geopolitical risk collides with elevated asset prices.
I hope you find the conversation useful.
Stay curious,
Neil Howe