⚠️Big news: Iran says the Strait of Hormuz is now fully closed after U.S. strikes, according to Reuters. The IRGC is warning they'll fire on any oil tanker or cargo ship that tries to pass through.
WTI crude $USO $BNO #OOTT keeps climbing, up over 3.5% from Wednesday’s close after Iran says the Strait of Hormuz is closed to all vessels:
*IRAN SAYS HORMUZ CLOSED TO ALL TYPES OF VESSELS: PRESS TV
US futures are slipping again, gold keeps dropping and threatening $4,00
🇺🇸CPI PRINT IS OUT!
CPI YoY: 4.2% vs 4.2% forecast | 3.8% prior
Core CPI YoY: 2.9% vs 2.9% forecast | 2.8% prior
Both readings came in exactly as expected.
Greg's making power moves. Berkshire keeps stacking $GOOGL shares, and that piece of the pie is growing.
Oh, and they still have nearly $400B in cash. Cash = freedom! 💰 $BRK.A $BRK.B
$LMND might be the best deal out there right now.
Down 50% in 4 months but the numbers are looking better than ever:
- IFP up 32% year over year last quarter (10 straight quarters of growth)
- IFP doubled in 3 years while cutting headcount
- Revenue tripled and gross prof
Markets have been absolute chaos this week...
-Marvell $MRVL up 40% after earnings 🤯
-Insane jobs report 📈
-SpaceX IPO coming soon 🚀
Don't miss a thing with our weekly market wrap-up. ⬇️
https://t.co/gMl5My6wX9
People saying Friday was the worst NASDAQ day ever? Not even close.
Biggest point drop? Yeah.
Biggest percentage drop? Nope.
March 2020: down 12.3%. Friday? About 4.2%.
Point drops look bigger as the market grows. That's just math.
Look at percentages, not points, s
The 2-year real interest rate just hit its highest point since Trump took office.
Meanwhile, the Bloomberg US Aggregate Bond Index is seeing its worst and longest drop ever.
Things are heading the wrong way, and I can't imagine Scott Bessent is happy about it.
This is t