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🚨CONTROVERSIAL: VAR didn’t call this as a penalty OR a foul in the build up to Argentina’s 3rd goal…
…Egypt had an earlier goal ruled back for a foul in the build up
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Omar Sharif is one of those actors that you never forget once you learn about him. Between Doctor Zhivago & Lawrence of Arabia, this man can claim two of the best films in Cinema history. Not many actors can make that claim. This guy’s intensity was generational. What an actor.
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A rough end to the trading week for both US stocks and bonds, worsening a month where the classic “diversified” 60/40 portfolio is experiencing its steepest monthly loss since 2022.
#economy #markets #bonds #stocks #investing #investors
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Eid Mubarak to all! 🌙 I hope you have a very special day with your family and loved ones. Wishing you all peace and happiness.
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💥 We lost about 32% of world traded crude oil supplies.
💥 Rerouting and SPR may cover up to 40% of it AT BEST.
Anyone who thinks the rest of the oil industry can stretch its production to cover the GAP knows nothing about the oil industry.
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⭕️ DME Oman crude is traded above $150/b. ⭕️
@DavidDTaw @WorldStrategist @SimonDixonTwitt @zerohedge
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Further to the post below from Saturday morning, Brent has opened the week higher -- at $104 a barrel in early Asian trading hours. WTI is also above $100.
#economy #markets #oil #middleeastwar
The economic and financial headlines this morning would be screaming about another surge in oil prices if the markets weren't closed for the weekend.
Overnight, both sides signaled willingness to cross a red line: the direct, significant targeting of oil infrastructure.
Specifically,
The US bombed Kharg Island, Iran’s primary oil export hub.
President Trump stated he has directed the Pentagon to "totally obliterate" military forces on the island.
Additional US troops are being deployed to the region, fueling speculation of a potential occupation of the island.
Iran has countered with threats that all "oil, economic, and energy facilities … in the region ... will be immediately destroyed and reduced to ashes."
Adding to the stagflationary winds already blowing through the global economy, the market impact of these latest developments in the Middle East War would not have been limited to oil. We likely would have seen significant losses across many other market segments.
What actually happens when markets reopen on Monday is, of course, a function of developments over the next 48 hours.
#economy #markets #oil #inflation #middleeastwar
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JUST IN: 🇺🇸 US Energy Secretary says there are "no guarantees" oil prices will drop anytime soon, NYT reports.
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FOMC meets next week.
98% chance they hold. Oil at $100. Payrolls negative. CPI at 2.4%.
Cut -> inflation. Hold -> recession. Hike -> collapse.
The Fed has no good options. None. $SPY
