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Commentary
The S&P 500 rose 4.4% in the first 10 days of April, and NASDAQ is up 6.1%, after Iran and the U.S. agreed to a two-week ceasefire brokered by Pakistan. During this ceasefire, the Strait of Hormuz was initially opened up in a limited way to alleviate crucial shortages of crude oil and fertilizer, but that flow of ships was very limited last week and may be terminated again as the peace talks broke up last weekend.
During this peace process, I wouldn’t become over-concerned with day-to-day news. I’d rather examine the endgame. In last week’s Navellier Market Buzz, veteran investment strategist Eric Fry and I discussed whether controlling world energy markets was part of the original Trump administration’s “master plan” for attacking Iran. After all, the U.S. is already controlling LNG shipments, so crude oil would be the next logical step toward stabilizing global energy prices. Since U.S. sanctions remain on Iranian crude oil, the U.S. has negotiating leverage. Furthermore, the U.S. bombed Kharg Island before the ceasefire, and our U.S. Marines could easily take control of Iran’s deep-water port there, a spot controlling 90% of Iran’s crude oil exports….
The S&P 500 rose 4.4% in the first 10 days of April, and NASDAQ is up 6.1%, after Iran and the U.S. agreed to a two-week ceasefire brokered by Pakistan. During this ceasefire, the Strait of Hormuz was initially opened up in a limited way to alleviate crucial shortages of crude oil and fertilizer, but that flow of ships was very limited last week and may be terminated again as the peace talks broke up last weekend.
During this peace process, I wouldn’t become over-concerned with day-to-day news. I’d rather examine the endgame. In last week’s Navellier Market Buzz, veteran investment strategist Eric Fry and I discussed whether controlling world energy markets was part of the original Trump administration’s “master plan” for attacking Iran. After all, the U.S. is already controlling LNG shipments, so crude oil would be the next logical step toward stabilizing global energy prices. Since U.S. sanctions remain on Iranian crude oil, the U.S. has negotiating leverage. Furthermore, the U.S. bombed Kharg Island before the ceasefire, and our U.S. Marines could easily take control of Iran’s deep-water port there, a spot controlling 90% of Iran’s crude oil exports….
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