Know Your Risk Podcast Why Politics Is Confusing Investors
Mar 26, 2026
Chase Taylor, a macro analyst at Pinecone Macro who provides market commentary and tactical analysis on equities, bonds, and commodities. He dives into market moves across S&P, NASDAQ, bonds and oil. They explore separating politics from financial analysis, oil market dislocations, timing risks from delayed signals, and the real-world implications of military logistics and shipping-lane threats.
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Search For Truth As An Investment Edge
- Chase argues rigorous analysis must ignore tribal politics and focus on evidence and outcomes, calling truth-seeking an edge.
- He warns many avoid hard realities because they're emotionally difficult to confront, creating informational gaps.
Oil Price Action Is Not A Normal Market
- Zach calls current oil price action abnormal and not functioning like a normal market, signaling dislocation between paper prices and physical realities.
- He likens it to pornography: hard to define but obvious when seen, highlighting deep market disconnects.
Oil Appears Cosmically Mispriced
- Chase insists oil is materially mispriced given closed trades and supply shocks; he stands by view oil should be much higher than mid-90s.
- He notes the trade has been closed for a month while oil sits under $95, calling that the wrong price.