Week of March 16, 2026
President Trump has called for allied nations to deploy warships to the Persian Gulf, a move made feasible by Iran’s current isolation. This practical step suggests the passage will re-open and remain open, reducing long-term geopolitical risk. In the near term, capital markets will remain jittery given regional tensions. Over the long term, the ability to virtually guarantee navigable energy routes supports stability in global trade and will be a positive factor for equities. Our Signals remain unchanged.
Bob Bilkie, CFA
