Jason Crow

Rep. Crow questions if the administration briefed "oil and gas executives" before commencing "Operation Epic Fury" against Iran. Colby confirms the operation targets Iran's "naval forces" and "power projection." Active US military strikes on Iranian naval assets and infrastructure in the Persian Gulf create an extreme risk premium for global oil transit. If the Strait of Hormuz is threatened or Iranian output is taken offline, oil prices will spike. LONG. War with a major OPEC producer is the ultimate catalyst for energy sector outperformance. A quick resolution to the conflict or a global recession dampening demand.

Rep. Crow questions if the administration briefed "oil and gas executives" before commencing "Operation Epic Fury" against Iran. Colby confirms the operation targets Iran's "naval forces" and "power projection." Active US military strikes on Iranian naval assets and infrastructure in the Persian Gulf create an extreme risk premium for global oil transit. If the Strait of Hormuz is threatened or Iranian output is taken offline, oil prices will spike. LONG. War with a major OPEC producer is the ultimate catalyst for energy sector outperformance. A quick resolution to the conflict or a global recession dampening demand.

Pivot to Domestic Economy (The "Butter" over "Guns" Trade) "Is it making groceries cheaper? ... Is it helping them afford homes? That is the discussion and the debate that has not been happening." Crow is articulating a populist pivot common in both parties: redirecting focus from foreign military expenditure to domestic affordability. If the "endless war" cycle is broken, political capital and potentially fiscal stimulus will shift toward solving the housing supply crisis to appease angry constituents before the midterms. LONG. Homebuilders align with the political necessity of "helping them afford homes." Continued high interest rates (financed by the very debt Crow complains about) could cap homebuilder performance regardless of political rhetoric.

Pivot to Domestic Economy (The "Butter" over "Guns" Trade) "Is it making groceries cheaper? ... Is it helping them afford homes? That is the discussion and the debate that has not been happening." Crow is articulating a populist pivot common in both parties: redirecting focus from foreign military expenditure to domestic affordability. If the "endless war" cycle is broken, political capital and potentially fiscal stimulus will shift toward solving the housing supply crisis to appease angry constituents before the midterms. LONG. Homebuilders align with the political necessity of "helping them afford homes." Continued high interest rates (financed by the very debt Crow complains about) could cap homebuilder performance regardless of political rhetoric.

Pivot to Domestic Economy (The "Butter" over "Guns" Trade) "Is it making groceries cheaper? ... Is it helping them afford homes? That is the discussion and the debate that has not been happening." Crow is articulating a populist pivot common in both parties: redirecting focus from foreign military expenditure to domestic affordability. If the "endless war" cycle is broken, political capital and potentially fiscal stimulus will shift toward solving the housing supply crisis to appease angry constituents before the midterms. LONG. Homebuilders align with the political necessity of "helping them afford homes." Continued high interest rates (financed by the very debt Crow complains about) could cap homebuilder performance regardless of political rhetoric.

Pivot to Domestic Economy (The "Butter" over "Guns" Trade) "Is it making groceries cheaper? ... Is it helping them afford homes? That is the discussion and the debate that has not been happening." Crow is articulating a populist pivot common in both parties: redirecting focus from foreign military expenditure to domestic affordability. If the "endless war" cycle is broken, political capital and potentially fiscal stimulus will shift toward solving the housing supply crisis to appease angry constituents before the midterms. LONG. Homebuilders align with the political necessity of "helping them afford homes." Continued high interest rates (financed by the very debt Crow complains about) could cap homebuilder performance regardless of political rhetoric.