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Kevin Mahn: Strait of Hormuz risks, rate uncertainty, and why ‘AIR 7’ outperformed the Mag 7
Mahn warns Strait of Hormuz tensions could upend crude and markets, flags FOMC discord on rates, and explains why his firm’s ‘AIR 7’ (e.g., NVDA, GOOGL, MU) outperformed the Mag 7.
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What stands out
Kevin Mahn’s warning is straightforward: a new bull run and easing crude oil prices depend on the Strait of Hormuz staying open, and renewed U.S.-Iran friction makes that a risky assumption. He also highlights fragmentation inside the Federal Open Market Committee (FOMC), a source of interest-rate ambiguity that can rattle markets. Mahn then points to his firm’s “AIR 7,” names like NVIDIA, Alphabet, and Micron, as drivers that have outperformed the older Mag 7 cohort, a reminder that AI-led winners can decouple from broader megacap behavior.
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