Iran Peace Deal and the NY Knicks

Big Tech, Gold and Silver, and even Bitcoin rose in trading on Monday after the announced (soon to be) Iran peace deal.

So, what do we actually know, so far?

If you believe the Presstitutes, it appears to be a huge victory for Trump.

But this begs the question…Since when does the main stream media actually give Trump credit for anything, let alone praise his efforts.

And despite their “praise” the Presstitutes fail to point out that the agreement is not really a ‘deal’ at all

Nor is it even a deal to have a deal, but rather a memorandum of understanding staking out a framework to discuss a deal over the next 60 days.

And war is supposed to cease on all fronts – including Lebanon.

Someone be sure to tell that to Netanyahu.

As usual, we default to the question:

Who Do You Believe?

 

And at the risk of being a party pooper, we would ask: Could this be one of those instances of buy the rumor sell the fact?

 

We say that because there is no greater bear indicator than the fact that the New York Knicks just won the NBA playoffs.

Huh?

The last time they won was in 1973, right before the Yom Kippur oil embargoes became the biggest energy shock in history up to that point.

We congratulate the Knicks on a remarkable post season run to becoming NBA champions…and they certainly deserved it.

But back in 1973 the Knicks basically top-ticked the market back then with one of the deepest bear markets of modern history (down more than 40% peak to trough) following their victory.

 

 

We’re not saying it will happen again but…history has a way of making fools out of all of us at one time or another.

And don’t forget, the Iran Peace deal has a 60-day window to actually work out a deal.

Remember…A lot can happen in 60 days.

Especially when a very mysteriously quiet Bibi Netanyahu can single-handedly kill any ceasefire or peace deal because it would ruin his plans of wiping Iran off the map.

 

 

So, because Iran is (and always has been) his war, it wouldn’t surprise us at all if he somehow torpedoes Trump’s deal.

And please don’t write and tell us that we’re antisemitic for opposing Netanyahu.

 

 

This peace deal and/or the Knicks winning the NBA championship isn’t to say that a correction is imminent.

Because reversals take time, and a clear catalyst has yet to present itself.

But for now, we have dodged a bullet.

And yet, we really can’t count our chickens until the ships in Hormuz resume transit, factories restore production, and the nuclear issue is settled.

In the meantime, learn what sectors of the markets will prosper the most from the Peace deal in our June newsletter (HERE).

Share this some friends…especially if they all of a sudden believe the Presstitutes.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~