Article 1: Red Sea Escalation and the Repricing of Global Logistics Risk

Key Thesis

Maritime disruption in the Red Sea is no longer a local event. It transmits into freight, insurance, energy expectations, and inflation-sensitive asset pricing.

Market fragility increases when shipping stress overlaps with elevated real rates and heavy sovereign issuance.

Portfolio behavior should focus on asymmetry: downside convexity in logistics and rates, rather than linear headline reactions.