ZR
ZTrader Research
Weekly Macro
Issue 029
Week Ending July 19, 2026
本月免费剩余 3/3
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Weekly Macro | Chips Down. Oil Up.
Markets ended the week under pressure from two shocks that affect valuation through different channels.
Topics
- Oil
Further reading
- MACRO RESEARCHOil Prices, the Strait of Hormuz and the Midterms: How to Trade Brent Calendar SpreadsThe Saudi bypass pipeline should be back to full flow around election week, which is when Washington’s reported timeline for renewed strikes on Iran begins, and the Brent futures c
- MACRO RESEARCHHORMUZ IS THE BEST LEVERAGE ON EARTHIt only takes one low-cost attack to damage trillions.
- MACRO RESEARCHTHE HORMUZ TRAP | Why the world is running out of maritime chokepointsWhy the world is running out of maritime chokepoints
- MACRO RESEARCHTWO AUTHORITIES ARE BLUFFING. THE MARKET IS ABOUT TO FIND OUT WHICH ONE FOLDS FIRSTThe BOJ signals hikes it can't deliver while defending the yen. OPEC+ stops even pretending to defend a floor.
- MACRO RESEARCHHormuz Reopened. The Red Sea and the Caspian Just Failed Too.The market priced the ceasefire as an ending. It was a pause between three chokepoints failing one after another — and the refining system never got the chance to rebuild what the
- MACRO RESEARCHThe Hormuz Insurance Blockade: The actuarial mechanics that closed the strait before Iran couldThe actuarial mechanics that closed the strait before Iran could