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Personal Stakes Personal Stakes · Macro Brief Thursday, April 23, 2026 Macro Musings · Daily Briefing · Thursday, April 23, 2026 The Fed hoarded duration and semiconductors forgot how to lose so naturally the Strait of Hormuz caught fire Analysts and economists debate the Federal Reserve's outsized duration holdings relative to
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Personal Stakes Personal Stakes · Macro Brief Tuesday, April 21, 2026 Macro Musings · Daily Briefing · Tuesday, April 21, 2026 Oil hits $100 and the Gulf needs a bailout but sure let's talk about retail sales Brent crude surged back above $100 after JD Vance cancelled his Islamabad trip amid
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Personal Stakes Personal Stakes · Macro Brief Tuesday, April 21, 2026 Macro Musings · Daily Briefing · Tuesday, April 21, 2026 Iran closes a strait and Netflix doubles its profits so at least someone's shipping is going fine Gold down 0.47% on the day. Analysts are debating whether gold could
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Personal Stakes Personal Stakes · Macro Brief Friday, April 17, 2026 Macro Musings · Daily Briefing · Friday, April 17, 2026 The war ended, oil cratered, stocks hit all-time highs, and gold somehow won the week anyway Gold up 1.74% on the day. The Strait of Hormuz has reopened following a
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Personal Stakes Personal Stakes · Macro Brief Thursday, April 16, 2026 Macro Musings · Daily Briefing · Thursday, April 16, 2026 Oil prices found the one strait they can't narrow and your mortgage found seven basis points it could Paper Brent market up >4% today. The closure of the Strait
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Personal Stakes Personal Stakes · Macro Brief Wednesday, April 15, 2026 Macro Musings · Daily Briefing · Wednesday, April 15, 2026 Oil at $100 and the S&P at 7,000 is the market equivalent of texting "I'm fine" during a house fire TTF European natural gas price
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Personal Stakes Personal Stakes · Macro Brief Tuesday, April 14, 2026 Macro Musings · Daily Briefing · Tuesday, April 14, 2026 The S&P 500 is 10 days from all-time highs and a war zone from making sense Natural Gas down 1.07% on the day. The US-Iran war has
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Personal Stakes Personal Stakes · Macro Brief Monday, April 13, 2026 Macro Musings · Daily Briefing · Monday, April 13, 2026 Hormuz Crisis Collapses Gulf Oil Output, Prices Surge | US Existing Home Sales Disappoint, Consumer Finances Worsen The closure of the Strait of Hormuz and Gulf production shut-ins have driven OPEC+ output
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Personal Stakes Personal Stakes · Macro Brief Thursday, April 9, 2026 Macro Musings · Daily Briefing · Thursday, April 9, 2026 Inflation Was Already Stuck Before the War Started Personal Stakes · Est. read time 6 min The 30-Second Version Meanwhile, WTI crude punched back above $100 intraday as only seven vessels have
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Equities surged on ceasefire relief, but Iranian fire actually increased on day one, the Strait remains shut, and the Fed has fewer reasons to cut than before the war started.
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Dated Brent hit a nominal all-time high today, and the economy that has to absorb it may have already stopped growing its workforce.
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Personal Stakes Personal Stakes · Macro Brief Tuesday, April 7, 2026 Macro Musings · Daily Briefing · Tuesday, April 7, 2026 WTI Breaks $115 While the Only Sector Hiring Gets a Raise Personal Stakes · Est. read time 5 min The 30-Second Version Oil crossed $115 today and nobody blinked, which tells you