I warned you all. The S&P 500 index has reached a new high: $7,515, and all of this is happening amid a serious geopolitical conflict. The Strait of Hormuz remains closed. No issues have been resolved. Shipping flow: only about 5% of pre-war levels. Stranded: over 1,550 ships stuck in the Gulf. Blockade: approximately 25% of maritime oil shipments, about 20% of liquefied natural gas (LNG).

US500-1.4%
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