Bigger Pic: S&P 7,000 vs. The Hormuz U-Turn

Just as global markets breached the historic 7,000 mark on a wave of ceasefire euphoria, the "geopolitical risk premium" has come roaring back. With Iran reversing its decision to reopen the Strait of Hormuz, the fragile optimism of the past week is facing a stark reality check. Vasu Menon, Managing Director of Investment Strategy at OCBC, examines this collision of record-high valuations and escalating energy threats. He dives into the latest earnings season takeaways to see if corporate margins can survive another oil shock, analyze the second-order effects of "sticky" inflation on central bank policy, and look ahead to a critical week of US retail sales data. Is the "soft landing" narrative still intact, or is the market's latest peak a house of cards? Produced/Presented: Ryan HuangSee omnystudio.com/listener for privacy information.