Rows of black oil barrels lined up on a long concrete pier waiting to be loaded, with oil tankers anchored offshore in the distance, symbolizing delayed supply and the persistent Strait of Hormuz crisis.

It is a ‘Too-Late Ceasefire’ … The Damage Is Here and Is Building

Brief Thoughts on Markets, Commentary, Financial Landscape, Global Macro / Economic / / / Leave a Comment

The ceasefire changes nothing. The damage from the Strait of Hormuz closure is already baked in and still building. Time is the problem. Markets are chasing hope, not reality. We remain cautious and hedged.

It is a ‘Too-Late Ceasefire’ … The Damage Is Here and Is Building Read More »