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This week’s McAlvany Weekly Commentary covers a sharp temporary drop in gold as tightening liquidity pressures force selling across the system. David also looks at the energy shock now hitting Asia and Europe, with prices rising 35% to 140% in key areas. He explains why this dramatic counter-trend move in the metals may actually reinforce […]
[AP] The Dow surges more than 1,100 points as Wall Street soars to its best day since last spring
[AP] Trump says securing Strait of Hormuz is ‘not for us’
[AP] Iran remains a stubborn foe after absorbing massive US-Israeli attacks
[Axios] China and Pakistan present new Iran deal: Ceasefire for opening Hormuz
[AP] A US journalist was kidnapped in Baghdad and a search is underway, Iraqi officials say
[Axios] Private equity's next step into 401(k)s
[Axios] Trump's White House ballroom project halted by judge
[Bloomberg] Bond Traders Ditch Inflation Bets as Oil Surge Threatens Growth
[Bloomberg] Goldman Tells Clients Eager to Short Loans Its Tool Isn’t Ready
[NYT] Trump’s Executive Order on NPR and PBS Is Unconstitutional, Judge Rules
[WSJ] Trump and the Hormuz Stakes
[WSJ] Oracle Lays Off Workers Amid Heavy AI Investment
[WSJ] China Keeps Trying to Punish Tokyo
FT] Donald Trump rebukes France as tensions rise with Europe over Iran war
[FT] Iran war gives Chinese exporters chance to grab global market share
[CNBC] Dow rallies 900 points as optimism grows for an end to the Iran war: Live updates
[AP] Trump lashes out at allies as Iran war and strait closure push fuel prices higher
[AP] Job openings slide to 6.9 million in February, another hint of sluggish hiring in America
[AP] US consumer confidence inches up despite soaring gas prices brought on by war in Iran
[Yahoo/Bloomberg] Barclays Predicts Growing Treasury Market Will Need Bailouts
[Bloomberg] How Iran Is Leveraging Its Chokehold on the Strait of Hormuz
[Bloomberg] Hormuz Flows Tick Up for Iran-Approved Ships Amid Gulf Blockade
[Bloomberg] US Banks’ Private-Credit Zeal Fuels $348 Billion Pile of Loans
[Bloomberg] Private Equity Racks Up $94 Billion Debt in 2025 to Fund Payouts
[Bloomberg] Fed’s Schmid Warns Inflation Could Get Stuck Close to 3%
[Bloomberg] M&A Tally Hits $1.3 Trillion as Unilever Joins Megadeals Parade
[WSJ] Fed Should Be Ready to Act to Address Inflation Concerns, Kansas City Fed’s Schmid Says
[WSJ] America Faces Tough Choices in Iran
[CNBC] Stocks rise after report says Trump looking to end Iran war: Live updates
[Yahoo/Bloomberg] Oil Buffetted by Tanker Attack, Report of Trump Mulling War Exit
[Yahoo/Bloomberg] Gold Advances on Report of Trump Weighing End to Iran War
[Yahoo/Bloomberg] Wild Charts Show Pain Points in S&P 500’s Worst Month Since 2022
[Axios] Trump attacks allies, signals Iran war may end without opening Hormuz
[Yahoo/Bloomberg] Iran Strikes Fully Laden Kuwait Oil Tanker in Dubai Port
[AP] Live updates: Trump says US is negotiating with Iran’s parliamentary speaker, who denies talks
[Yahoo/Bloomberg] Iran’s Hormuz Grip Is Tighter Than Ever After a Month of War
[Axios] Trump pursues era of unshackled warfare
[AP] Gas prices eclipse $4 a gallon in the US, the highest since 2022
[AP] Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies
[Yahoo/Reuters] Big Tech's $635 billion AI spending faces energy shock test, S&P Global says
[Yahoo/Bloomberg] Euro-Zone Inflation Jumps Most Since 2022 on Energy Costs
[Politico] Europe faces its next big problem: The Iran war is driving up inflation
[AP] China factory activity rebounds in March as Iran war looms over growth
[Bloomberg] Europe Hardens Stance Against Trump’s Iran War in Threat to NATO
[Bloomberg] US Junk Bonds Headed for Worst Quarterly Returns Since 2022
[Bloomberg] Private Credit Poses ‘Chain Reaction’ Risk to US, DZ Bank Says
[Bloomberg] Aluminum Set For Biggest Monthly Gain Since 2018 on Iran War
[Bloomberg] Credit Risk in Asia Spikes Most This Month Since 2023
[Bloomberg] CLO Refinancing Plans Put On Ice in Europe as Funding Costs Rise
[NYT] Fresh Food Distributors Add Surcharges as Fuel Costs Rise
[WSJ] Trump Tells Aides He’s Willing to End War Without Reopening Hormuz
[WSJ] Wall Street Is Finishing the Worst Quarter for Stocks in Four Years
[WSJ] U.S. Home Price Growth Slowed in January
[WSJ] Iran War Chokes Off Helium Supply Critical for AI
[WSJ] A Russian Tanker Tests the Limits of Trump’s Cuba Squeeze
[WSJ] The U.S. and China Are in a Strategic Stalemate. What Comes Next.
[FT] Foreign central banks sell US Treasuries in wake of Iran war
[FT] FT Alphaville’s toy Collateralised Whatever Obligations

This week’s McAlvany Weekly Commentary covers a sharp temporary drop in gold as tightening liquidity pressures force selling across the system. David also looks at the energy shock now hitting Asia and Europe, with prices rising 35% to 140% in key areas. He explains why this dramatic counter-trend move in the metals may actually reinforce […]
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