Cara Playbook: Wednesday March 18, 2026
Capital Preservation Under Geopolitical Stress
FULL REPORT:
Gemini Team Discussion:
This report from March 18, 2026 details Bill Cara’s discussion of the shift in global markets toward a capital-preservation regime driven by intense geopolitical conflict and persistent inflation. The author argues that rising tensions between the US, Israel, and Iran have created a massive energy shock, making oil and gas the only reliable sectors for investment. Because traditional safety stocks and major technology leaders are failing to protect portfolios, the strategist has moved entirely to cash to avoid asymmetric downside risks. The analysis emphasizes that narrowing market leadership and widening credit risks signal a dangerous environment for retirement capital. Consequently, investors are advised to prioritize liquidity and reduce overall equity exposure until global instability and inflationary pressures subside.