Morning Call AI disruption, energy shocks, and policy risks reshape markets 3/25/26
6 snips
Mar 25, 2026 
Jeff Cox, CNBC markets reporter tracking recession odds and labor trends. Joyce Chang, J.P. Morgan research chair offering macro and energy risk analysis. They dig into AI-driven shocks to software valuations. They discuss energy price volatility, geopolitical tensions and tariff and policy risks reshaping market sentiment.
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Use Diversified ETFs To Absorb Headline Volatility
- Shift allocations into diversified ETFs when headlines spike to reduce single-name risk.
- Charles Schwab clients moved from concentrated AI winners into broader ETFs and tech blue-chips like Microsoft and NVIDIA during recent selling.
Opening The Strait Is Feasible But Slow
- Forcibly reopening the Strait of Hormuz is militarily executable but complex and time-consuming.
- CENTCOM can shift joint force efforts to suppress missiles, drones, fast boats and mines, yet clearing mines could take weeks.
Sanctions Relief Undermines Dollar-Based Leverage
- Sanctions relief and export licencing can push buyers off the dollar, weakening U.S. leverage.
- A recent U.S. license broadly authorized purchases of Iranian oil, encouraging non-dollar settlement and limiting seizure risk.