Roger Altman

The US blockade of the Strait of Hormuz will require months to pressure Iran, leading to sustained high oil prices, contradicting market expectations of a quick decline. This will impact the US economy and financial markets, supporting elevated oil prices.

Altman explicitly states, "The economic outlook is actually good... we're expecting two and a half to 2.75% real growth for 26... Corporate profit outlook remains good." Strong real GDP growth combined with disinflation ("ticking down") and robust corporate profits creates a fundamental backdrop for equity appreciation. Additionally, his prediction of a split Congress (Democrats winning the House) historically favors markets due to legislative gridlock. LONG US Equities to capture the projected growth and profit expansion. A resurgence in inflation or political instability if the President attempts to "subvert the election" as Altman worries.