HSBC CEO: The highest I’ve seen, and I’m hoping we don’t see more of that, but the highest I’ve seen is $286 for a barrel of oil that reached Sri Lanka
#MacroEdge
@SimonDixonTwitt@BRICSinfo Dutch crude >$140USD p/bbl. Russian Ural price increasing. Crypto tin hat guru's never know where to actually look to "follow the money". Paper price of WTI, CL and Brent means sweet f.a. other than a way to manipulate sentiment. Futures contracts about to roll = price discovery.
This is the most SHAMELESS structural manipulation of a major index I've ever seen.
SpaceX is preparing what could be the largest IPO in history.
Target valuation: $1.75 trillion.
That would make it the sixth-largest company in America on day one.
And Nasdaq wants the listing so badly they're literally CHANGING how the Nasdaq-100 works.
In February, Nasdaq published a "consultation" proposing sweeping changes to how companies enter the index. The timing is pure coincidence, of course.
Just like it's pure coincidence that SpaceX has reportedly made fast index inclusion a CONDITION of listing on Nasdaq.
Here's what they're proposing:
A new "Fast Entry" rule would let any newly listed company whose market cap ranks in the top 40 of current Nasdaq-100 members get added to the index after just 15 trading days.
No seasoning period. No liquidity requirements. Completely exempt from the standards every other company had to meet.
Currently, new public companies typically wait up to a year before they're eligible for major index inclusion.
That waiting period exists for a reason. It lets the market establish real price discovery. It protects passive investors from being forced into untested, illiquid stocks.
And Nasdaq wants to throw all of that out. For ONE listing.
But the Fast Entry rule isn't even the worst part...
The real scandal is the 5x float multiplier.
Right now, the S&P 500 uses a free-float adjusted methodology. If only 5% of a company's shares are available for public trading, the index weights you at 5% of total market cap.
That's common sense. You weight a company based on what investors can actually buy.
Nasdaq's current methodology already uses total market cap rather than free-float for weighting. But for very low-float stocks, they at least had a 10% minimum float threshold.
Under the new proposal, that threshold DISAPPEARS entirely.
Instead, any stock with less than 20% free float gets weighted at FIVE TIMES its actual float percentage, capped at 100%.
Do the math on SpaceX:
If SpaceX IPOs at $1.75 trillion and floats 5% of its shares, there would be roughly $87.5 billion worth of stock available for public trading.
Under Nasdaq's proposed 5x multiplier, the index would weight SpaceX at 25% of its total market cap. That means passive funds would be forced to buy as if SpaceX were a $437.5 billion company.
But only $87.5 billion of stock actually exists in the market.
You are forcing hundreds of billions in passive buying into a $87.5 billion float.
QQQ alone manages nearly $400 billion. The total Nasdaq-100 ecosystem represents over $1.4 trillion in exposure across ETFs, mutual funds, structured notes, and derivatives.
Every single passive vehicle tracking this index would be REQUIRED to buy SpaceX at whatever price the market dictates.
On Day 15.
With zero price discovery. Zero track record as a public company. And a float so thin you could read through it.
So what this actually does is it creates a structural wealth transfer mechanism.
The passive bid from index funds pushes the stock price higher. That higher price benefits exactly one group of people: the insiders and early investors who own the other 95% of the shares.
And when lock-up periods expire 90 to 180 days later? Those insiders sell into the artificially inflated passive bid. Your 401(k) is the exit liquidity.
This is the fundamental corruption of indexing.
Indexing used to be brilliant. Low cost. Efficient. You were free-riding on the price discovery done by active managers. The index reflected the market.
Now the index IS the market. Trillions of dollars flow blindly into whatever the index tells them to buy. And the people who control the index methodology are changing the rules to serve the interests of a single IPO candidate.
The S&P 500 requires companies to have at least 50% of shares available for public trading. It requires 6 to 12 months of seasoning. It uses free-float adjusted weighting so passive investors aren't buying phantom liquidity.
Nasdaq is doing the exact opposite. 15 days. No float requirement. 5x multiplier on insider-held shares.
Every passive investor in QQQ, QQQM, and every fund benchmarked to the Nasdaq-100 should understand what's about to happen:
The rules are being rewritten to benefit IPO issuers and early-stage insiders, and your capital is the tool being USED to enrich them.
45 years in this business and I've watched Wall Street find creative new ways to separate retail investors from their money in every cycle. But usually they at least try to be subtle about it.
This one they put in a PDF and called it a "consultation."
What's your take?
JUST IN: Hours after Trump threatened to hit Iran “TWENTY TIMES HARDER” if it stops the flow of oil through the Strait of Hormuz, the IRGC responded through state media with five words that should terrify every energy market on Earth: “not a single liter of oil.”
The exact statement via ISNA and Al Mayadeen: Iran “will not allow a single liter of oil in the region to be exported to the enemy and its allies until further notice” if US and Israeli strikes continue.
First, the sourcing. This is circulating on X as a “CNN report.” CNN did not report this. The primary source is Iranian state news agency ISNA and Lebanese outlet Al Mayadeen, both IRGC-aligned. No CNN article, video, or transcript contains this quote. The threat is real. The attribution is fabricated. Every account sharing “according to CNN” is spreading a misattribution that undermines the credibility of the actual intelligence.
Now, the substance.
Trump drew a red line on Hormuz oil flow at 8:30 PM on 9 March. The IRGC responded by threatening to erase it. Not just through Hormuz. Across the region. “Not a single liter” exported to “the enemy and its allies” means Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar, Iraq. Every barrel. Every port. Every pipeline. Every LNG terminal. Not just the Strait. The entire Gulf energy architecture.
This is an escalation beyond anything the Tanker War produced. In the 1980s, Iran attacked tankers selectively. In 2026, the IRGC is threatening to shut down the entire export apparatus of every nation it classifies as an enemy ally. That includes every GCC state hosting US forces. That includes every country that has not expelled American and Israeli ambassadors under Iran’s conditional reopening offer announced the same day.
The two statements form a feedback loop that neither side can exit.
Trump threatens twentyfold escalation if oil stops flowing. The IRGC threatens total oil shutdown if strikes continue. Trump’s threat requires more strikes to be credible. More strikes trigger the IRGC’s threat. The IRGC’s threat triggers Trump’s escalation. The escalation triggers more IRGC retaliation. Neither statement contains an off-ramp. Both contain accelerants.
And neither addresses the mechanism that actually closed the Strait.
The seven P&I clubs that cancelled war-risk coverage on 5 March did not withdraw because of Trump’s rhetoric or the IRGC’s threats. They withdrew because Solvency II capital models cannot absorb unlimited exposure in an active combat zone. Every escalation, from either side, feeds incident data into those models. Trump’s twentyfold increase feeds it. The IRGC’s “not a single liter” feeds it. The feedback loop between Washington and Tehran is simultaneously a data loop feeding London reinsurance models that move further from reinstatement with every threat, every strike, and every retaliatory launch.
Oil crashed below $84 on de-escalation hopes. Those hopes lasted hours. Trump posted fire and fury. The IRGC posted total shutdown. The de-escalation signal that cratered prices by 30% was bracketed within hours by the two most extreme threats of the war.
Trump threatens to destroy Iran as a nation. Iran threatens to destroy the region’s energy exports. The actuaries in London just received two more data points confirming that the Strait will not reopen.
Full analysis here!
https://t.co/eMrt5qYYst
Australian economy is in full meltdown because of the Trump/Israel’s war against Iran.
Remember Zionists caused this.
Albo supported this.
Penny Wong supported this.
Pauline Hanson supported this,
Do not forgive. Do not forget.
Excellent chart.
Been making this case ever since the ESG scam about "renewables" kicked into gear.
You wanna be long the core processes of modern society.
All the fancy shiny tech and AI in the world can't operate without it.
Iran is demanding the unconditional withdrawal of US forces snd the end of any US military presence in West Asia.
They are also demanding the unconditional surrender of Israel.
🇮🇷🇺🇸🇮🇱 Fars News is reporting that Iran’s target bank has been “fundamentally updated” and anyone who understands what that means in the language of the IRGC knows that the Pipelineistan map just became a kill list: Aramco facilities, the port of Fujairah, energy terminals across the Gulf — the entire arterial system through which Washington’s client-monarchies pump their protection money to the West, now sitting in the crosshairs of a nation that has absorbed the assassination of its Supreme Leader, the decapitation of some of its senior military command, and a thousand confirmed dead, and has decided, rationally, that if its blood is the price of American empire then American capital is the price of Iranian resistance. Brent crude has already jumped 20% to nearly $90 a barrel, gasoline above nearly $4 a gallon and that is before refineries come offline, before the full weight of Iran’s updated targeting doctrine lands on the investments that ExxonMobil, BP, and TotalEnergies spent decades building across the very kingdoms that handed Washington the airspace to bomb Tehran.
Washington built an empire on petrodollar architecture and the deal was simple: you price oil in dollars, you buy American weapons, you open your bases and your skies, and we guarantee your throne and what Iran has now understood, what Fars News is telling the world in plain language, is that the architecture and the throne are the same target. The bill for Operation Epic Epstein Fury is not going to be paid in rials — it is going to be paid at the pump, in the pension fund of every American worker whose government chose to spend their tax dollars assassinating a head of state while diplomats were still in Geneva, and the price is going to keep rising until Washington learns what every empire eventually learns: that the costs of the first strike are always paid by the people who never voted for it. But they'll remember who to hold accountable for the betrayal.
Reuters confirmed that the elementary school in the Iranian city of Minab was bombed TWICE by the US military, 40 minutes apart.
This was intentional. You don't "accidentally" bomb a school TWO TIMES.
168 children and 14 teachers were killed. It was a massacre.