War, Chaos, and the Message From Price
The 2026 winners are tankers, energy, and hard assets — while the old liquidity trades are breaking down.
We are at war.
Not just in the traditional sense. Conflicts are breaking out across the globe, supply chains are being weaponized, trade routes are being contested, and governments are scrambling to secure resources. The geopolitical backdrop in 2026 is chaotic. From tensions in the Middle East affecting oil flows, to strategic battles over rare earth minerals, to the growing divide between global power blocs — the world feels unstable.
But markets have a way of cutting through the noise.
Price tells the truth.
That’s exactly what this AAO Macro Trendfinder scan of the biggest winners and losers in 2026 is showing us right now.
Look at the left side of the table — the winners. The message could not be clearer. Tanker shipping companies like BWET, NAT, DHT, STNG, and TNK are leading the entire market. These are the ships responsible for moving crude oil and refined products around the world. When geopolitical stress rises and energy flows become uncertain, freight rates explode — and these stocks move first.
Energy logistics is booming.
Then look at the rest of the leadership list. It reads like a playbook for a resource-driven world.
You see Texas Pacific Land (TPL), a royalty play tied directly to Permian Basin oil production. You see Lynas Rare Earths, one of the few non-Chinese suppliers of critical minerals needed for defense, electronics, and energy infrastructure. You see fertilizer companies like CF Industries and Intrepid Potash, which thrive when global food supply chains tighten.
Even agriculture land (LAND) and Brazilian energy exposure (UGP) are showing strength.
This isn’t random.
It’s capital rotating into hard assets, real assets, and the infrastructure required to move them.
Now compare that with the right side of the table — the losers.
High-beta financials.
Private equity firms.
Speculative crypto vehicles.
Growth tech.
Solar stocks.
In other words, the sectors that thrived during the liquidity-driven era of cheap money are now struggling in a world where energy, commodities, and national security matter again.
Even parts of the crypto complex and venture-style assets are under pressure as liquidity tightens and the macro environment shifts.
This is what a macro regime change looks like.
The winners are tied to energy, shipping, mining, fertilizers, and resource production. The losers are largely tied to financial engineering, speculative growth, and long-duration assets.
And this is exactly what we would expect during periods of geopolitical tension and inflationary pressure.
The takeaway is simple.
Ignore the headlines.
Ignore the noise.
Follow price.
Right now, price is telling us that the commodity and energy cycle is very real — and it’s only getting started.
