Iran is expanding its attacks on critical oil infrastructure in the Middle East, raising the risk of prolonged supply disruptions. This continuous escalation is already driving up global transport and food costs, adding significant inflationary pressure.

These geopolitical headwinds have caused a severe drop in broader market sentiment. Barely 7% of global fund managers now anticipate a stronger economy, reflecting deep concerns about future growth.

Despite this deteriorating fundamental backdrop, US markets are drifting higher but this could be simply because traders are mechanically unwinding their crash protection. This dynamic leaves equities highly exposed to sudden shocks just as potential SEC reporting changes threaten to reduce corporate transparency.

Check out our full post!