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Apr 6, 2026

Chokepoint: Stocks Have An Oil Problem

Prior oil shocks did more damage to stocks.

Nicholas Crown

Nicholas Crown

Chokepoint: Stocks Have An Oil Problem

Stocks have not paid the full price for high oil yet.

Crude opened at $113.47 Sunday night.

The futures curve is the most stressed it has been since the year 2000. Right now, we’re $14.72 backwardated.

I built the model this weekend: what crude levels matter for stocks, what to own, what to cut, and where to put fresh cash.

Only a few actions cleared the hurdle.

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