Macro Strategy Insights

Monday Morning Update

Please click here for a replay of last night’s webinar on the conflict with Iran. While we won’t focus on it first thing today, this weekend’s Is Credit Whispering? Or Screaming? is our deeper look at credit markets and identifies some of the slippery slopes of selling what you can. Still constructive, but increased “nervousness” on oil is warranted. The key focus has been on anything that would more permanently impact traversing the Strait of Hormuz. It is clearly not being traversed right now, but that should be largely priced in. The start of the campaign was very positive, but ... Monday Morning Update

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