Market Musings 080326: In the Fog of War
Market Musings 080326: In the Fog of War
Report and Video: Investment Strategy Focus March 2026Heavy Assets in Vogue
The HALO (Heavy Assets, Low Obsolescence) effect: the prevailing theme in the stock market at present is the rotation away from digital assets back towards physical assets. Investors have begun to favour companies and industries where the risk of AI disruption is low to none. Positive on Mining, Building amp; Construction.
Iran and the Strait of Hormuz: In the Danger Zone
With the Brent crude oil price surging to above $90 per barrel by the end of last week due to the effective closure of the Strait of Hormuz to shipping, the global economy is entering the danger zone.
It is hard to overstate the importance of this narrow body of water between Iran and the Arab states to the rest of the world. 20% of global oil supply and close to 20% of the world’s Liquefied Natural Gas supply passes through the Strait. But it is not just about raw energy supply but also about supply of other essential products linked to energy, such as urea which is the base for nitrogen fertilisers. Over...