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Thursday, June 12th
“Civilization is like a thin layer of ice upon a deep ocean of chaos and darkness.”
-Werner Herzog
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Down
🛢️ Oil: Down
⚡Crypto: Down
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Major Market Events
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Boeing stock sinks after deadly plane crash in India All 242 people aboard are expected to have died.
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JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s. Trouble in the Middle East could throw a wrench in this
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Oracle Stock Soars on Better-Than-Expected Results. New life for a boring old tech stock?
🤔 My Thoughts
Once again the “nothing ever happens” bros are being tested.
They’re having a rough stretch between riots in Los Angeles, a plane crash in India…
And now news that Israel may be planning a unilateral attack on Iran.
The “nothing ever happens” bros have been a brave force fighting against sensational headlines and doomsayers…
But as the war in Ukraine shows… major nation state conflict with at least one nuclear player is not off the table.
So could Israel launch a strike on Iran?
Absolutely.
And the market is looking ugly right now… in part because of fears of another war involving a nuclear player.
But remember — we have one of those going on right now! With Russia and Ukraine. So we don’t think the world will end even if it does happen…
And here’s the thing — if the world does end, there’s no good reason to not have been trading up to that end.
Now while we don’t think it’s time to panic and run for the hills, it is a good time to focus on shorter term strategies and expect some serious volatility/bear action.