The Hormuz Trade Has a Second Act
Brent is back near $90, the ceasefire collapsed again, and the options market is still pricing war, not peace.
Day: July 31, 2026
Apple’s $5T Margin Problem
July 31, 2026 Apple’s $5T Margin Problem A record quarter, a leadership handoff, and a semiconductor crunch that changes the…
The OVX Just Hit 3x the VIX. Energy Stocks Are Cashing the Check.
When commodity volatility runs at triple equity volatility, refiners, integrated majors, and upstream producers stop being cyclical plays and start being something else entirely.