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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 […]
[CNBC] Stocks slip even after Trump extends Iran negotiations deadline: Live updates
[CNBC] Brent oil tops $110 again after Chinese ships are turned away from Strait of Hormuz
[CNBC] Markets now see the Fed’s next move as a potential rate hike as inflation fears mount
[Reuters] Emerging economies' record debt spree slumps into a freeze as Iran war rocks markets
[Yahoo/Bloomberg] Bitcoin Slumps With Options Showing Traders Turning Defensive
[Axios] Pentagon weighs sending 10,000 more combat troops to the Middle East
[AP] Iran starts to formalize its chokehold on the Strait of Hormuz with a ‘toll booth’ regime
[AP] The war in Iran sparks a global fertilizer shortage and threatens food prices
[Yahoo/Bloomberg] Brace for $200 Oil If War Lasts Until June, Macquarie Warns
[AP] A year after Trump’s DOGE cuts, workers whose lives were upended question what was saved
[Bloomberg] The Iran War Is Now All About the Future of Hormuz
[Bloomberg] Oaktree to Meet 8.5% Private Credit Fund Redemptions in Full
[Bloomberg] Australia Ramps Up Private Credit Scrutiny, Demanding More Data
[Bloomberg] Now There's a Helium Shortage and It Affects More Than Balloons
[NYT] Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
[NYT] Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
[NYT] Standoff With Iran Raises Fresh Doubts About Trump’s Freestyle Diplomacy
[NYT] An Invisible Bottleneck: A Helium Shortage Threatens the Chip Industry
[WSJ] Why Investors Were Right to Be Wary of Blue Owl’s $1.4 Billion Deal
[WSJ] The Private-Credit Industry’s Trouble: Surging Redemptions, Slower Fundraising
[WSJ] How the Iran War Compares With Past Market Shocks, in Charts
[WSJ] U.S. and Israel Have Pounded—but Not Eliminated—Iran’s Missile Threat
[WSJ] The U.S. Military Assets Damaged or Lost in the Iran War
[WSJ] China Hits Back at U.S. With New Trade Probes Ahead of Trump-Xi Summit
[FT] Private credit’s stale pricing problem
[FT] Everything you always wanted to know about credit (but were afraid to ask)
[CNBC] Stock futures rise as Trump extends Iran negotiations deadline: Live updates
[AP] Live updates: Trump delays Strait of Hormuz deadline as Wall Street has biggest loss of war
[Axios] Trump extends deadline for Iran negotiations
[Reuters] Trump weighs sending another 10,000 ground troops to the Middle East, WSJ reports
[Axios] Why these 6 Iranian islands could be crucial to Trump's "final blow" of the war
[AP] Trump says he’ll sign order to pay TSA agents as Congress struggles to reach funding deal
[Reuters] Fed's Cook says the balance of risks has shifted toward inflation due to Iran war
[Reuters] Fed's Barr: Need to be vigilant against rise in inflation expectations
[Bloomberg] Fed Officials Voice Growing Concern Over Fallout from Iran War
[Bloomberg] Starmer Says Won’t Be Pushed Around as Trump Assails Iran Stance
[Bloomberg] Investors Game Out Stagflation Risk in Japan as Oil Prices Rise
[NYT] Iran Acts as Gatekeeper of Hormuz as War Drags On
[WSJ] Anthropic Wins Injunction in Court Battle With Trump Administration
[FT] US bond market shows signs of strain as Iran war sparks Treasury tumult
[FT] Israeli military doubts war will topple Iranian regime
[FT] Federal Reserve could cut balance sheet by $2tn without market turmoil, says Miran

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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