Ryan and Michael record a candid, live episode covering the S&P’s rebound, the US blockade of the Strait of Hormuz, and market FOMO as equities climb. They break down commodity and bond moves, discuss Germany’s sharp wholesale price spike, and explain how geopolitics is shaping inflation risks. They also preview the day ahead: US PPI, major bank earnings, and the IMF/World Bank spring meetings with central bank speakers to watch, while keeping their usual irreverent, unedited commentary.