The Market Thinks This Ends Cleanly

May 19, 2026 - Zach and Chase discuss why bond markets may finally be waking up to the inflationary consequences of the global energy disruption as yields surge and investors continue underestimating the fragility of the system. They break down the latest Strait of Hormuz developments, why SPR releases and exports may only be temporary relief valves, how energy shortages could create delayed but violent inflation waves, and why markets still appear dangerously complacent about physical supply realities. They also discuss China, housing pressure from rising rates, AI infrastructure spending, and why many investors may still be treating this like a normal cycle when it clearly is not.