Since the Iran conflict started, daily oil flows through the Strait of Hormuz have collapsed from 20 million barrels to 2 million.
This supply shock raises transportation costs, commodity prices, manufacturing expenses, and consumer prices.
Inflation was sticky before. Now it’s likely accelerating through July 2026.
Most portfolios aren't actively managed around that reality. They're static. Positioned around outdated assumptions. Or even worse, chasing headlines.
The Fed Won’t Come to the Rescue. Investors Need to Beat Inflation by Owning It.
Not all assets suffer when inflation runs hot. Some are built for it.
Commodities perform well when inflation is accelerating. Energy stocks directly benefit from higher oil prices. Tech and Industrials have historically outperformed — whether growth is accelerating with inflation or starting to slow.
Long-term Treasuries — what most investors use for safety — are among the worst-performing assets when inflation accelerates.
This isn't just theory. It's backed by decades of market data and confirmed by the same process that called every U.S. crash since 2008.
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“I have no idea where I'm going, but I know exactly how to get there.”
That's how Keith McCullough describes his investing process. Not a prediction machine. Not a crystal ball. A repeatable, math-based framework.
It tracks the rate of change of inflation and economic growth to tell you which assets are probable to win or lose.
When the math changes, the positioning changes with it.
The Track Record: Why Hedge Fund Managers and Self-Directed Investors Trust the Process
- 2008: Told subscribers to move to 85% cash. The S&P lost 46%.
- 2020: Exited risk assets two months before the COVID crash.
- 2022: Said avoid tech, buy gold. The Nasdaq dropped 33%.
- 2025: Called the selloff. Then called the rally.
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Every weekday, Keith McCullough goes live on The Macro Show — walking through exactly what the inflation and growth data is showing, how he's positioned, and what it means for your portfolio.
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Supply Side Shock:
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Former Hedge Fund Manager Warns Most Portfolios Aren’t Built for the Inflation Ahead
Keith McCullough has called every U.S. crash since 2008 by tracking the rate of change of inflation and economic growth.
Keith McCullough has called every U.S. crash since 2008 by tracking inflation and economic growth.
Former Hedge Fund Manager Warns Most Portfolios Aren’t Built for the Inflation Ahead
Supply Side Shock: