Ep. 14 — Oil Spikes, AI Rally Tested

Iran seizes more ships in the Strait of Hormuz, oil jumps, and futures wobble after all-time highs powered by AI megacaps. Can tech hold when the physical world gets more expensive, or does the bond market quietly break the party?

Today's stories:

• Intro: Record AI highs collide with Hormuz seizures and an energy shock.
• The Tape: Mega-cap concentration vs. flat rates; crypto proxies rip while coins slip; airlines and shipping feel the squeeze.
• The Footnotes: Gold bid alongside QQQs, Fed swap-line whispers, Panama Canal congestion, EM stress.
• The Nerd Corner: It’s still a rates trade—duration math, oil → breakevens → 10-year drift, and the FICO toll-booth risk.

The Calls:

• Tom: Nvidia closes down at least 3% today. I’m wrong if it closes up, or even flat.
• Ray: DXY closes up at least 0.4% today. I’m wrong if the dollar closes down or flat.
• Alex: 10-year yield closes below 4.25% today. I’m wrong if it closes above 4.30.

New episode every weekday before US market open.
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Produced using AI-generated voices.