BIG by Matt Stoller ⢠11344 implied HN points ⢠23 Mar 26
- The administration is actively propping up stock prices as part of its war strategy, timing strikes and public statements to calm investors so political and financial support holds.
- Iranās closure of the Strait of Hormuz is creating real global supply shocks ā big jumps in oil and shortages of things like helium and fertilizer ā that are already disrupting flights, hospitals, and manufacturing.
- Markets have so far underreacted but are losing faith; short-term manipulation can nudge prices, but it canāt substitute for actually winning on the ground, and the conflict exposes the fragility of the US-centered global order.