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https://youtu.be/icM1Kj6d4ac?si=W51JTl4RNS00HpsZ

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In this clip, Bob Elliott and Aahan Menon explain why the real opportunity is not predicting the war itself, but understanding the second and third order effects of the oil shock. They walk through how higher oil prices flow into inflation, demand destruction, and eventually earnings pressure. The key message is that markets may still be underpricing the macro fallout.

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