Swimming Upstream

Swimming Upstream The news this week turned sour. We, and many others, have warned that an extended conflict in Iran would bring worsening economic consequences with each passing day. In its May 2026 Oil Market Report, the International Energy Agency (IEA) reported that global oil supply declined by a further 1.8 mb/d in April to […]
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You Can Never Go Home Again

You Can Never Go Home Again Our title this week shares the name of Thomas Wolfe’s 1940 posthumously published novel. It carries a universal theme: time always marches forward, never backward. You can never go back home. The Middle East may be facing such a moment. War is not new or different in the Middle […]
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Brains to Brawn

Brains to Brawn While hyperscalers (Amazon -AMZN, Alphabet- GOOGL, Meta – META, and Microsoft – MSFT) and NVIDIA (NVDA) continue to command headlines and trillions in market valuation, the real stock market action has shifted toward smaller companies solving critical datacenter bottlenecks. The first AI bottleneck was Nvidia chips, the brains of AI, but the […]
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Markets Are Hitting Records… But a 15% Drop Could Be Coming

Markets Are Hitting Records… But a 15% Drop Could Be Coming In this live discussion, Phil Palumbo breaks down the biggest forces driving markets right now, from geopolitical tensions and record-breaking rallies to a potential shift in Federal Reserve leadership that could trigger volatility. While many believe the worst of geopolitical risk is behind us, […]
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