PODCAST: Markets...It's not all about the Strait of Hormuz

In this week's edition, we discuss the difference between what was going on in the markets at this point last year compared to now. The President cannot flip a switch like he did last year...and there are significant questions about how far Israel and Iran will go to meet their goals.....We also discuss how the private credit market is not something that is going to go away......Finally, we touch on our belief that the downside risks in the marketplace right now are quite a big larger than the upside potential.