There is only 1 standing legacy nation left in the Middle East and that is Iran. All of the others have been ripped to shreds, so it’s not an exaggeration to believe, in my opinion, that something dreadful awaits Tehran in the not-too-distant future. With that in mind, Iran is a major exporters of crude and the price has been trickling higher, consistently, ever since Trump cut a deal with the satanists in Saudi Barbaria.
So, as investors, we can either stand by and do nothing about it — or profit immensely from the gigantic upswing in inflation that is about to befall western civilization. You can by TIPs or just get long crude stocks and enjoy the ride.
WTI is embarking on $64 this morning and I expect my crude holdings, SN, BBG, and FTK, to respond in kind.
Nasdaq futures are +19, bitcoin is stabilizing, prepare for decadence.
Here are the headlines.
Domino’s Pizza target raised to $250 at Maxim Group — See strong bench amid pending retirement of CEO Doyle
Union Pacific upgraded to Outperform from Hold at Daiwa
Expedia upgraded to Overweight from Equal-Weight at Morgan Stanley
Appian downgraded to Underweight from Equal-Weight at Morgan Stanley
Despegar.com upgraded to Buy from Neutral at UBS
Delek US Holdings upgraded to Overweight from Equal-Weight at Morgan Stanley
Zillow C upgraded to Overweight from Equal-Weight at Morgan Stanley
Barclays PLC downgraded to Underperform from Mkt Perform at Keefe Bruyette
Netflix initiated with a Overweight at Barclays; tgt $245