idiot wind
market vibes
March 12 …)
in the news
No change in official mortality data from either side after another day of strategic US bombing and Iranian missile attacks. Iran reports 1,348+ civilians killed, including the school kids. Total war dead 1,940 per some tallies. Therefore 592 Iranian military KIAs. Lebanon 634 killed, 1,400+ wounded. Israel/US side: 13 Israeli civilians/7 US troops killed (140–150 wounded).
China expressed displeasure with Iran for attacking Gulf nations. The Pentagon is spending about $12 billion a week on the “war” which is about equal to 60% of a week’s social security payments (Grok). Senator Fetterman (Dem PA) said Iran’s new supreme leader should be assassinated (News Nation). The latest viral clickbaiting item is an Iranian invasion in California (MSM/X).
rumors & FUD
Israel is taking far more damage that is being reported.
A man video-taping the ghostly absence of people in Dubai was arrested yesterday (that rings true).
On or around March 11, the Iran-linked hacker group Handala claimed responsibility for a major cyberattack on Stryker Corporation, a major U.S.-based medical technology company. They described Stryker as “one of the key levers of the global Zionist lobby” and a “central link in the ‘New Epstein’ chain” (I will add many of Epstein’s footprints lead towards Israel, imo). The narrative dives into a deep rabbit hole after that.
Iran wants all US bases in the middle east gone witin 30 days. They already have a nuclear bomb and if the US is not out by that deadline they will use it (ty heads up!).
Israel targeted and bombed the Iranian girl’s school which was exclusively for Iranian elites. (All rumors from various sources entirely on telegram).
in the markets
Oil is higher on Iranian attacks on ships in the Strait and general impatience with the Americas ability to subdue hostilities in the Strait. These anxieties are far more market sensitive than the release of 172 mm SPR barrels.
As an aside, no one seemed to care when Biden sold half the SPR to win his midterms, including me. I said, “Sell it all. Our SPR is our oil industry.” Actually… not so much. Our oil industry is not drilling or producing because they want higher prices, too.
Technically, the price spike has distorted oscillators but volumes are decelerating and open interest is down. Events are fluid, liquidity is thin. Not just in oil… everywhere. At any rate. Let’s keep going.
Stocks are reluctantly yielding to gravity and uncertainty.
