His proof is clean. After the MOU was signed, the odds of a Fed rate hike didn't fall at all.
The smartest money had already concluded the Hormuz crisis isn't ending.
So when Iran shut the strait again today, after barely 72 hours open, David called it the least surprising news all week
Here's how it reaches us.
The longer Hormuz stays closed, the higher inflation expectations climb, which lifts bond yields, which forces the Fed, now hawkish under Kevin Warsh, to raise rates.
Mortgages and credit cards get more expensive.
Central banks everywhere tighten. Liquidity drains out of the whole system
And it isn't just oil.
Nearly half the helium Taiwan and South Korea need to build semiconductors flows through the Gulf.
That's choked too
His bet? If the strait stays shut, $100 oil by September.
@davidlin_TV
