Energy Crisis Looms: Markets in Denial

0:00On April 17, the Middle East crisis is brewing like the early days of COVID, where markets stayed chill while trouble built up. Energy expert Jeff Curry from CarLow Group says we're in that same denial phase right now. Oil shocks are contained for the moment, but the real pain hits when physical supplies start vanishing and no backup show up. Think back to COVID start. Lockdowns hit China first, then spread to South Korea, Iran, and Italy over about six weeks. Banks kept climbing anyway until Wall Street tank 35% and bonds went haywire. Right now, folks are shrugging off the risks, with the S&P 500 pushing gains on pure vibes, not facts. That complacency mirrors how the world ignored early warnings back then. Curry predicts the tipping point late April, when the global buffer of about 800 million barrels runs dry. Ships won't deliver, and replacements won't come cheap, or at all. Most of the S&P 97% ain't in oil and gas.

1:01It's all exposed to this energy hit rippling through the economy. If history rhymes, markets could wake up fast to the full storm ahead. National news, powered by AI, this is US News Today, I'm Curry with the story.