Strategy & Economics

Oil risk premium understates post-midterm escalation risk

Helima Croft joins 'Fast Money' to talk Houthi attacks forcing Saudi Arabia to postpone its flagship investor conference, with Brent near May highs and WTI above $103.

Watch the full segment – "Oil risk premium understates post-midterm escalation risk, says RBC’s Helima Croft"

Caveats and risks

The big things you need to know

• First, 3Q26 reporting season is off to a slightly soft start on the stats, with company commentary generally still highlighting resilience in the economy and consumers and tailwinds from AI, with some caveats, while giving investors plenty to think about in terms of risks that may lie ahead.
• Second, recurring topics in conversations last week with US investors included midterms, earnings, and positioning. Overall, investors came across as neutral with a dose of nervousness and a bit more short-term focused than usual.
• Third, other things that jump out in our other updates include the broad pivot we’re seeing in a number of key positioning trades and the recent widening in high yield credit spreads, which is a new potential point of concern for Small Caps.

Listen to the episode — "Caveats and risks"

Around the world in 15 minutes

In this episode, our Global FX Strategy team take a quick tour of the world, from Asia, via Europe to the Americas, looking at trades they like, highlighting crowded positions and discussing risks to hedge into year end.

Listen to the full episode — "Around the world in 15 minutes"