points out that while tech sector multiples have hit lows not seen since 2022, the underlying fundamentals remain surprisingly robust. This compression isn't a sign of corporate failure; it is a direct reaction to exogenous shocks. Investors are recalibrating
warns against premature optimism. Despite crude falling to $96, it remains significantly higher than pre-war levels of $65. The complexity of a multilateral conflict means
cannot simply "flip a switch" to stabilize the market. With 20% of global supply at risk, any disruption in the Strait creates a ripple effect that hits the
argues that current energy spikes act as a regressive tax on global consumers, effectively slowing the economy without the "overheating" typically associated with high inflation. The central tension for
is whether to look through these supply shocks or tighten further to maintain credibility. If the Fed misreads a supply-driven tax as a demand-driven fire, they risk crushing a resilient consumer base that has already proven its ability to withstand post-COVID price hikes.
