Over the weekend, the U.S. blockaded Iranian ports and seized an Iranian ship. As I correctly wrote 1-2 weeks ago, the stock market has already decided Iran no longer matters despite the situation nowhere near being resolved. The S&P 500 and Nasdaq were only down slightly Monday morning. Here is what I wrote: Like Iraq or Afghanistan, there is no resolution to Iran in any definite sense. It will continue in the background, much like the tariffs in 2025, as the stock market and economy moves on. High oil prices and gas will have a surprisingly small effect on CPI or consumer spending. The market’s reaction to the blockade amounted to a tiny blip relative to recent gains, indicated by the red square: Right again The Hot Hedge Fund Strategy Triggering a Pay Bonanza for Traders. So far, as I predicted, AI is not going to devalue elite degrees or outlier talent. The smartest people, whether in tech, academia, or finance will continue to maintain their status and wealth. Gatekeepers of…
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