The Economic and Market Impact from Operation Epic Fury Livestream
We are pleased to share that the replay from our latest livestream is now available. Hear from Chief Investment Officer Michael Crook, who covered our current views on the market environment, the factors influencing portfolio positioning, and the risks we are monitoring across asset classes. In addition, Giulio Martini, Partner and Director of Strategic Asset Allocation at Lord Abbett, joined for a focused conversation on the global outlook and how recent developments involving Iran are shaping institutional asset allocation views.
Key Takeaways from the Livestream
- Markets have seen limited impact so far. Global equities declined modestly (about ~5%), which remains within typical intra-year volatility ranges.
- Oil is the main economic risk channel. Prices moved above $100 per barrel due to geopolitical risk tied to potential supply disruptions.
- Higher energy prices could pressure growth and inflation if sustained, though a prolonged shock is not the base case discussed.
- Policy tools could help stabilize energy markets, including potential strategic petroleum reserve releases.
- Safe-haven behavior has been mixed, with the U.S. dollar strengthening while Treasury yields moved higher.
Disclosures & Important Information
Any views expressed above represent the opinions of Mill Creek Capital Advisers ("MCCA") and are not intended as a forecast or guarantee of future results. This information is for educational purposes only. It is not intended to provide, and should not be relied upon for, particular investment advice. This publication has been prepared by MCCA. The publication is provided for information purposes only. The information contained in this publication has been obtained from sources that
MCCA believes to be reliable, but MCCA does not represent or warrant that it is accurate or complete. The views in this publication are those of MCCA and are subject to change, and MCCA has no obligation to update its opinions or the information in this publication. While MCCA has obtained information believed to be reliable, MCCA, nor any of their respective officers, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.
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