Episode 108: Geopolitical Shocks and Your Portfolio

In Episode 108 of Doctor’s Wealth and Wellness, host Norm Wright, Certified Financial Planner at SKC Financial Group, explores how recent military developments involving Iran—including U.S. and Israeli strikes, threats to the Strait of Hormuz (which carries about 20% of the world’s oil supply), and subsequent diplomatic de-escalation—have triggered dramatic swings in global oil prices and U.S. markets in early 2026. Oil prices surged past $100 per barrel on supply fears before dropping sharply as tensions eased, impacting energy stocks positively while pressuring airlines, consumer sectors, and raising short-term inflation concerns. The episode breaks down three key areas for high-earning physicians: understanding oil price volatility and its market ripple effects, assessing potential inflation risks to household spending and retirement planning, and reviewing portfolio exposure to energy versus defensive sectors. With relatable examples from doctors like Maria, Kevin, and Laura, Norm emphasizes staying calm, avoiding emotional decisions, and using simple action steps—such as tracking energy costs, reviewing statements, and checking sector allocations—to build awareness. The episode delivers educational insights to help busy physicians maintain perspective during uncertain times and have more informed conversations with their advisors. Examples in this episode are hypothetical and not representative of a specific individual.