Surviving 'Epic Fury' And The Asian Stock Market Crash

2026-03-04 16:00:16 ET

Colonel Kilgore enjoyed the smell of morning napalm in " Apocalypse Now " since it reflected triumph. Today on institutional trading floors on Wall Street, the air reeks of volatility, but only a faint scent of margin calls seems to be burning off traders’ terminal screens. Not only did “Operation Epic Fury” in the Middle East destroy Iran's radar systems, it also destroyed tens of billions of dollars in leveraged bets, eliminating the illusion of comfort that had permeated the markets. Spring Cleaning (Also applicable since we are entering the warmest season). There are two different stories told by the collapsing of Asian markets and the perceived/illusory strength of U.S. stocks....

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