Convexity Breakdown: When Diversification Fails

Today's episode distills the week's most pressing macro, geopolitical, and investing insights, revealing why traditional hedges are breaking down in a world increasingly reliant on oil price signals. We unpack the strategic capital allocation shifts needed to navigate a market where visibility is collapsing and resilience comes at a premium, exploring the AI correction and the search for uncorrelated assets. Read this edition in full at https://www.pers-int.com/?digest=Macro%2C%20Geopolitics%2C%20Investing%20Evening%2FCompact_Digests%2Fdaily_digest_compact_2026-03-06_17-30-16.html&channel=Macro%2C%20Geopolitics%2C%20Investing%20Evening&latest=1 0:00 - Introduction 1:20 - Investing in Uncertainty: Strategic Capital Allocation 8:59 - The Fed, Inflation & US Economic Resilience 13:56 - Geopolitical Flashpoints: Middle East & Global Risk 19:27 - AI Investment Shift: Tech Correction & Revenue Scrutiny 23:10 - Conclusion Referenced sources: - "Is Private Credit The Next 2008 - ft. Steve Eisman" (Prof G Markets) - "Capital Group Spies High-Yield Software Opportunity in Debt Meltdown" (The Credit Edge by Bloomberg Intelligence) - "Hormuz & The Terms of Trade Shock" (The Macro Trading Floor) - "Inside Goldman Sachs' Alternatives Playbook (w Kristin Olson) #621" (The Meb Faber Show - Better Investing) This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.