"The world has always been ending - and yet here we are." - Morgan HouselUS and Israeli strikes killed Iran's Supreme Leader. Oil spiked 40% in 10 days. The Strait of Hormuz - the chokepoint for roughly 20% of global oil supply - is in chaos. Flights grounded. Shipping rerouted. Headlines screaming.And the question I keep hearing is: "Should I be doing something?"Here's the only question we should be asking..."Did your financial goals, time horizon, or need for liquidity change this week?"If the answer is no... then neither should your portfolio.Korea. Vietnam. The Gulf War. 9/11. Iraq. Every one of those events felt like the one that would change everything. The reality is, it didn't change much for long-term investors.But here's what IS worth watching. Especially if you're Canadian:When the Middle East burns, capital doesn't disappear. It relocates.Upstream energy investment is already pivoting toward lower geopolitical risk - and that means North America. Canada, the US, and Guyana. Our oil sands don't sit on the wrong side of a naval chokepoint.Canadian energy names aren't just a hedge right now. For some portfolios, this conflict is quietly working in your favour.The sectors to watch: energy and consumer staples up. Airlines and chemicals under pressure. Technology remains a mixed picture: lower cyclical risk helps, but higher rates and data center financing costs are a real headwind.The investors who get hurt in moments like this aren't the ones who stayed put.They're the ones who confused scary headlines with permanent loss of capital and sold.Don't be that investor."I'm finished!" - Daniel Plainview
Podcast & YouTube Recommendations🎙
* Tyler Cowan puts the entire world into perspective:
* Hard lessons with Stan Druckenmiller:
* A great view into the impacts of global shocks:
Best Links of The Weekđź”®
* Matthew Ball’s annual report covers the state of the gaming industry, why gaming is losing the attention war, and the five areas of revenue growth for 2026. - Matts Amazing Year in Review
* Jefferies published an update on the global secondary market, which broke volume records in 2025 ($240 billion). - Jefferies Report
* Silicon Valley Bank’s published their 26th annual report on the State of the U.S. Wine Industry, which it says is stabilizing after revenue declined by 2% in 2025. -SVB Report
* Ai causing cuts to software employment is just beginning - Tweet from Balaji
* The shale revolution emboldened Trump. The shale revolution enabled this war. The shale revolution enabled the closure of the Hormuz Strait. - Tweet From Anas
