Oil just jumped 20% in a fortnight, the US market is priced for perfection, and Australian property looks like it has finally rolled over. Red flags are everywhere.
Steve, Tom and Jacob run through the week that was: the broken ceasefire and the race toward nuclear, a market sitting 200% above trend with Buffett quietly selling, the private credit boom regulators are now worried about, and why 25 years of property gains may be ending. Then the part most people skip: how to keep your head when markets turn, using System 1 and System 2 thinking, a written plan, and a longer time frame.
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