Monetary Matters with Jack Farley

Ed Finley-Richardson, shipping analyst and author of Misadventures in Shipping, breaks down chaos in tanker markets caused by Middle East conflict. He describes why US Gulf MR product tankers are minting fortunes. He maps which vessel classes and stocks stand to gain and outlines a potential Persian Gulf “feeding frenzy” if straits reopen.

Anna Wong, Bloomberg’s Chief U.S. Economist known for inflation and energy-shock analysis, explains why even $200 oil likely tops headline CPI near 6% rather than 9%. She discusses demand destruction from high energy prices, how household spending is squeezed, why recession odds rise at $150–$200 oil, differences between core PCE and core CPI, and why the Fed might look through commodity shocks.

Dr. Gio Valiante, a performance coach and psychologist for elite athletes and top hedge fund PMs, breaks down the mentality of market champions. He discusses fear and regret in trading, how firm incentives shape risk taking, detaching from short-term P&L, weekend recovery routines, and why culture and environment spark better decisions.

Leyla Kunimoto, founder of Accredited Investor Insights and private-markets researcher, breaks down the surge in semi-liquid evergreen funds and why they sidestep the J-curve. She explains the wave of redemption requests and 5% quarterly caps, unpacks CLO and PIK risks, and why publicly traded BDCs can be more attractive than private ones right now.

Lupin Rahman, former head of sovereign credit at PIMCO and author, offers a short take on sovereign debt and emerging market dynamics. She walks through why sovereigns behave differently from corporates. She explores FX and hard‑currency risks, how geopolitics in the Middle East reshapes flows, and which EM issuers and sectors may win or lose under commodity and duration shocks.

Liz Ann Sonders, Charles Schwab’s Chief Investment Strategist known for macro and market strategy, discusses how headline indices hide deep market stress. She explains rotation and churn after an oil shock, why quality and profitability now matter, how oil disruptions transmit to the economy, and why index concentration can mislead investors.

Nadia Martin Wiggen, Director at Svelland Capital and commodities/shipping markets specialist, outlines why May is the real timeline for securing the Strait of Hormuz. She discusses diverted oil routes, Asia’s scramble for cargoes, refined product hoarding and tight refining margins. Nadia also covers military constraints, shipping and insurance signals, and which regions and fuels are most vulnerable.

Josh Linville, VP of Fertilizer at StoneX and fertilizer market analyst, explains how the Iran war and Strait of Hormuz closure have removed massive nitrogen exports. He outlines soaring urea prices, lost production equivalent to nearly the U.S. corn crop’s needs, and why repairs could take years. Shortages, tighter stockpiles, and shipping risks may force dramatic planting and pricing shifts worldwide.

Rory Johnston, independent oil analyst and founder of Commodity Context, warns the Strait of Hormuz closure has created an unprecedented oil shock. He quantifies massive shut‑ins, compares this to past crises, and outlines how refinery cuts, routing limits, strategic releases and geopolitics could push prices far higher or, if de-escalation occurs, allow flows to resume.

Bob Elliott, Chief Investment Officer at Unlimited Funds and former Bridgewater committee member, lays out the fallout from a surging oil shock. He discusses how oil-driven price spikes sap consumer spending and lift inflation. He argues markets are mispricing growth and policy risk, and makes the case for cross-asset trades and diversified commodity exposure.