Good Wednesday evening MacroEdge Readers & Community,
In this evening’s Strategy Note and update - Six has the latest on our model portfolio changes and shifts - there are many interesting macro developments underway - and I continue to expect to see our final interventions from the Trump Administration in the oil and gas markets over the next two weeks - before inevitable escalation from both sides. The situation in the Strait and in the Middle East is becoming untenable for both sides, and Iran is now showing signs that they are once again willing to attempt to close the Strait with the blockade still in place. Trump has pulled back briefly, but as discussed extensively yesterday evening, and on my X today - you can learn more about why I think this is just short term noise.
Patience through October remains my thesis, and stay tuned for the latest updates over the weekend.
Yield of Dreams
Portfolio Strategy | October 7, 2026
The real economy is absorbing three costs at once: diesel prices that reached all-time nominal highs in September, a ~7.5% 30Y mortgage rate at near all-time median home price to median household income ratios, and a Fed hiking into weak payroll growth. A “perfect storm” of factors is driving a global bond selloff as real rates continue to tighten.
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