GS: China Is the Main Destination of Strait of Hormuz Oil Flows
Source: Mike Zaccardi, CFA, CMT, MBA
⚠️True US Dollar bear markets are usually 20-40%:
1970s (-30%) - End of Bretton Woods (USD delinked from gold) 1980s (-40%) - Plaza Accord (G7 nations devalued USD to reduce trade deficits) 2000s (-30%) - Post-9/11 policy shifts, Fed rate cuts The US Dollar is down 9% YTD.
MIGA (Make Iran Great Again)
Source: Not Jerome Powell
⚠️Middle East oil shipping costs are SPIKING:
Persian Gulf-Japan tanker rates hit $55k/day, the highest in over a year, while East Africa routes hit $40k, a multi-month peak. Costs doubled in 2 weeks amid the Israel-Iran conflict.
The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034.
Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Source: BofA, Global Markets Investor, Moody's
Happy Friday
Source: Vala Afshar
BREAKING 🚨: Small Cap Stocks
Small Caps $IWM are now underperforming Mega Cap Tech Stocks by the largest margin in history 📉📉 Source: Barchart
Long-term investing cheat code
Buying SP500 $SPY near the 200-week has basically been free money for 15 years. Wild. Source: Trend Spider
