This episode of Trading Justice breaks down a market being driven by geopolitics as oil headlines dominate the narrative. Matt and Mark begin with the escalation in the Middle East and why crude oil has become the central macro variable for markets right now. They discuss the Strait of Hormuz, the importance of Karg Island to global oil supply, and how energy infrastructure risk could influence inflation expectations and market volatility.

The conversation then turns to the latest labor report, which came in far weaker than expected. The hosts examine what the data may be signaling about the economy, why "bad news is good news" isn't working in the current environment, and how the growing influence of AI could continue to pressure job creation in the months ahead.

In the feature segment, Matt breaks down the ABC Cycle and explains how traders can differentiate between a normal market correction and the start of something more significant. Using recent price action, he walks through how the depth of the first move down can set expectations for the rest of the correction and what levels traders should be watching.