The Fat Pipe 09/25/26: Weekend at the Farm, the Continuing Energy Crisis, Bonds(!), Stocks, and Grab Bag
It's another packed Fat Pipe. Things are definitely speeding up. As expected.
Source: Peak Prosperity
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DW NOTE
The Strait of Hormuz has been closed to commercial traffic since February. Oil supply is down 6% for the year. The Fed just raised rates for the first time since 2023 to fight inflation it caused by refusing to acknowledge the supply shock. If your bond market is "signaling something," it's that central bankers prefer rhetorical posturing to dealing with the actual constraint.