The global macro world was infected with another skirmish in what has become another open-ended WMD goose chase war in the Middle East and that makes trading a bit more complicated. My advice to myself this week was to ignore the war headlines and simply trade whatever views I would have if that war were not ongoing. There is a good chance the war will still be happening in 2027, and you cannot sit paralyzed by random $3 moves up and down in crude oil. The shock factor of the shutting of Hormuz has passed, the experts were wrong about the impact on oil prices, and now life slowly moves on. Lotta noise. When I saw the ... (full story)