The global discount factor is under fire. As the "Warsh Doctrine" pushes the 10-year Treasury yield toward 4.40%, Roman analyzes the structural revision of r∗ and what it means for your DCF models. We dive into the 6% "Oil Cliff" as Brent sub-100 provides a temporary disinflationary buffer, and why Nvidia’s $4.3 trillion market cap is becoming the ultimate defensive play. Plus, a technical look at the "Logistics Tax" currently compressing Q1 margins across the S&P 500.