Valuetainment

For the first time since the Iran war began, JPMorgan's oil analysts are admitting they can't predict where the market is headed. In a note to clients, the team led by Natasha Kaneva wrote, "We simply don't know how to model the endgame”, a stunning admission from one of the most powerful forecasting operations on Wall Street.

Patrick Bet-David isn't buying the doom. In this episode, PBD goes off on the "end times" and "fear porn" mindset, the pastors preaching the end is here, the constant messaging that America's best days are behind us, and makes his case for why that thinking kills the one thing that actually fixes problems: urgency.

The Federal Reserve just raised interest rates by a quarter point (25 basis points) to a target range of 3.75%–4%, its first rate hike since 2023. Under new Fed Chair Kevin Warsh, the central bank went against what markets, borrowers, and Washington were expecting, citing inflation that still hasn't been brought under control.

Iran-backed Houthi rebels are on a rapid offensive in Yemen, seizing the port of Mokha and the islands of Mayun, Perim, and Hanish, all in or around the Bab el-Mandeb Strait, one of the world's most important oil chokepoints. A former Pentagon official called it "the cork in the Red Sea bottle," warning it threatens Saudi oil exports and could push global fuel prices up. Trump has threatened "major military punishment" for Iran over future attacks. Is the world's oil supply now in rebel hands?

The Lindsay Clancy murder trial ended in a mistrial on an 11–1 vote; one holdout juror refused to convict. Now that juror's past is being dragged into the spotlight, with an investigative report exposing domestic violence allegations, a restraining order, and an eviction. Critics are calling it a witch hunt and accusing the media of doxxing a private citizen for one vote. Is this accountability… or punishment for refusing to fold?