Markets Are Underestimating a Prolonged Oil Disruption

Stocks are near all-time highs—even as global tensions and uncertainty continue to build.Chuck Zodda and Marc Fandetti break down why markets are holding up despite an ongoing blockade in the Strait of Hormuz and rising risks tied to global supply shocks.Also covered:Why markets may be underestimating prolonged oil and supply disruptionsThe growing risk of repeated supply shocks driving inflationA debate inside the Fed over rate cuts and AI-driven productivityWhat strong earnings expectations mean for stock valuationsWhy workers may feel stuck in today’s labor marketFrom geopolitics to Fed policy to labor trends, this episode breaks down the forces shaping the economy right now.