Could This Bull Market Choke On an Equity Glut?
Ironically, a series of mega IPOs might represent more of a hurdle than a clogged Strait of Hormuz.
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
It’s extremely easy to make the bearish case for the Iran conflict. It goes like this: “One of the world’s most important channels for getting a substantial portion of the world’s most important commodities from producers to consumers is effectively shut. This seems like a big deal. What is the matter with you people?”