Red candles killed any momentum we had today — two headlines did the work:
1. Explosions reported across southern Iran: Qeshm island, Bandar Abbas, Chabahar, Konarak port. Chatter about possible new U.S. airstrikes, with Konarak naval base hit multiple times.
2. U.S. embassy in Jerusalem just told Americans in the Middle East to "exercise heightened vigilance" — diplomatic code for "things could get worse."
Crude is sitting just under $90. Last time we saw that level was July 23rd.
This is the kind of supply-side shock that doesn't show up in your quant model until it's already moved. If Iran escalates or supply routes through the Strait of Hormuz get threatened, energy names and inflation hedges wake up fast. Watch how this plays into Fed expectations and whether risk-off flows start hitting tech multiples.
1. Explosions reported across southern Iran: Qeshm island, Bandar Abbas, Chabahar, Konarak port. Chatter about possible new U.S. airstrikes, with Konarak naval base hit multiple times.
2. U.S. embassy in Jerusalem just told Americans in the Middle East to "exercise heightened vigilance" — diplomatic code for "things could get worse."
Crude is sitting just under $90. Last time we saw that level was July 23rd.
This is the kind of supply-side shock that doesn't show up in your quant model until it's already moved. If Iran escalates or supply routes through the Strait of Hormuz get threatened, energy names and inflation hedges wake up fast. Watch how this plays into Fed expectations and whether risk-off flows start hitting tech multiples.
