Iran War, Fertiliser Shortages, Food Security and Instability

The market bounced back mid-week but then, once our market was closed for Easter, Trump threw another spanner in the works. Really, given his lack of consistency in his pronouncements, there is no way we can make sense of his narrative. He is flopping around like a fish out of water, offering no tangibility of thought.

Four weeks into the Iran War and where are we? In a state of chaos, I suggest. The world is having to adjust to tight oil supplies for the foreseeable future as the Iranians are not showing a propensity to roll over and be dictated to by Trump, who is ranting like a bumbling idiot who has lost control of the situation and does not know what to do next.

Yet, the stock markets recovered nicely towards the end of the week. The gold price rebounded as the panic sellers retreated to the sidelines, and then there was a retracement on Thursday night. Longer term thinkers are regaining the initiative and taking more of a strategic approach to portfolio management.
 

 WeeklyComm4April2026.pdf