Transcript
A (0:00)
Mr. Arnold, happy to be here as always. Coming off another great Masters weekend. As we were discussing in the pre here, you know, if we get into World War 3, as it looks more and more likely every day, we know what we're fighting for as Americans, which is for the right to sit around on a sunny Sunday afternoon and watch an Irish guy win our most important golf tournament two years in a row.
B (0:23)
Shout out to Rory, hard fought victory. Thought he was going to give it up. It was. It got interesting there. I thought Rice was going to make a push. I thought Scotty was going to make a push.
A (0:33)
Not without drama. Never without drama with Rory. But he pulled it out.
B (0:37)
He did, he did. But alas, we're not a golf podcast for Bitcoin, slash. I think we're a macro podcast. Now. I think I've gotten some feedback. Some of the brightest minds in macroeconomics globally have been listening week in and week out just to come and get your thoughts, John, because they're, they're good thoughts, as you alluded to. Things are chaotic. I was, I was away from keyboard. I had my phone. It was my birthday celebration over the weekend. Not mine, but somebody in my family's. And I kept my phone away from me all day Saturday. Obviously yesterday was the Masters, so I was in bed last night like, okay, what happened this weekend? Looks like it was a bit chaotic. Ceasefire. On, off, on, off. We'll pull up the first slide that you put together today, which is a reference to the game show Deal or no Deal.
A (1:24)
Yeah, this was the most concise way that I knew how to summarize the events of the weekend. I feel really good that in what could be an emerging energy crisis for the world, that I lit a graphics card on fire, a GPU on fire, to create this totally high value add gym. But, yeah, you know, here's. Here's what we're looking at. Interestingly, my projection for SPY does not look to have proven correct as we're basically flattish this despite oil ripping on news of a decision to blockade Iranian ports with the Navy. The US Navy in the Strait of Hormuz in response to talks that lasted, I think less than 24 hours between Vice President J.D. vance and some faction of the Iranian contingency. And we can get into maybe who they were talking to and what that means. But in any case, that fell through. And so now we are definitively escalating and not only is the strait not going to be open, but we are going to make it even more closed than it was before. So an interesting Uno reverse card being played here as always. You know, it's a bold strategy, Cotton. We'll see how it plays out. But yeah, big, big implications this week after the market decided last week with the ceasefire announcement that everything was, was Gucci and we were heading back to all time highs.
