Our Ideas Are Going Mainstream

But Are Not Priced in ... Yet

Over the last week, mainstream strategists from Citadel, Carlyle Group and Bridgewater Capital started mentioning what we have been stressing from right after the February 28 attacks: : that the Oil Crisis in the Persian Gulf isn’t getting better anytime soon. And that time is running out for Normalcy Bias holdouts who believe that President Trump can somehow pivot at the last minute and extract the United States from an economic shockwave.