Today's Post - https://bahnsen.co/4yvcd4b

David Bahnsen reviews a modest down day for markets as Iran tensions and reported American casualties push oil above $80 (ending above $83), with the Dow down ~300, S&P -19 bps, Nasdaq -5 bps, and the 10-year yield at 4.59%; communication services and energy led while healthcare lagged. He cites IPO froth cooling, noting SpaceX below $120 versus a $135 IPO and far off highs. In politics, he highlights Maine’s Senate race likely featuring progressive Troy Jackson versus Susan Collins and notes Michigan Democrats consolidating behind Haley Stevens, outlining the difficult map for a Democratic Senate majority. Economically, he underscores the Supreme Court reversal of IEEPA tariffs lowering blended import tariffs from ~11% to ~6–6.5%, while flagging a record 105.8M outside the labor force, soft industrial production, rising import prices, and housing starts driven by multifamily. He previews next week’s Fed meeting under Chair Kevin Warsh, balance-sheet maturity shortening, midstream earnings (Kinder Morgan), and answers why shorting stocks is inherently leveraged and generally unsuitable for most investors.

00:00 Welcome and Setup

00:17 Iran Tensions and Oil

01:24 Market Wrap and Sectors

02:17 IPO Froth Check

03:13 Senate Races Outlook

05:39 Economy Data and Tariffs

07:43 Housing and Fed Preview

09:08 Energy Earnings and Gas

10:01 Ask TBG Short Selling

12:00 Wrap Up and Links

Links mentioned in this episode:

TheBahnsenGroup.com