Projects, Experiments, and Notes

Market Pulse

Cooler inflation has taken near-term Fed hike pressure off the tape, but the relief is being offset by a much hotter geopolitical backdrop as oil pushes above $90 and U.S.–Iran escalation threatens shipping through the Strait of Hormuz. Tech leadership is no longer automatic after a sharp semiconductor selloff, so AI spending commentary now has to prove the capex story rather than simply ride the narrative. The best setup is disciplined rotation: keep exposure to durable growth, but let energy security, infrastructure, and liquidity do more of the stabilizing work until earnings and oil risk settle.

Updated Jul 20, 2026 · Weekly Market Overview - 07/20/2026