[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fhH2--9Pu8MIFlAtt05Cn5JkF9aIYdsuOgJWNpUj_bCY":3},{"data":4},{"content_tags":5,"preview_text":6,"free_content_html":7,"newsletter_list_id":8,"subtitle":6,"title":9,"created":10,"enforce_gated_content":11,"email_capture_popup":12,"web_url":13,"platform":14,"meta_default_title":9,"status":15,"thumbnail_url":16,"displayed_date":8,"publish_date":17,"id":18,"audience":14,"slug":19,"subject_line":9,"authors":20,"split_tested":12,"meta_default_description":22,"hidden_from_feed":11},[],"The model ranks every sector.","\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Crude is down another 6% overnight as ~20,000 fresh longs from managed money get squeezed on a potential Iran peace deal. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> We've moved from pricing \"if\" to \"when.\" \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Yesterday marked the first day of the big energy unwind. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Today, we do something about it. \u003C\u002Fp>\u003C\u002Fdiv>",null,"War Premium: The Bid Just Disappeared",1779658112,false,true,"https:\u002F\u002Fletter.nicholascrown.com\u002Fp\u002Fwar-premium-the-bid-just-disappeared","both","confirmed","https:\u002F\u002Fbeehiiv-images-production.s3.amazonaws.com\u002Fuploads\u002Fasset\u002Ffile\u002F8b5b3a1d-a35c-4a63-ab6b-4acbba161834\u002Fcrown_macro_cover__6_.png?t=1779676651",1779699600,"post_281ce57e-b6ba-400b-bd8c-f0a4df545d96","war-premium-the-bid-just-disappeared",[21],"Nicholas Crown","Crude lost fifteen percent in four sessions. This week's Crown Macro Letter covers the energy unwind, sector rotation, positioning, and the inflation setup."]