Keep pulling the thread on Josh Brown.
Within 24 hours of a ceasefire announcement with Iran, confusion over the deal's scope, particularly its application to Israeli strikes on Hezbollah in Lebanon, caused stocks to retreat and oil prices to climb.
China intervened diplomatically, urging Iran to agree to de-escalation terms that would be acceptable for President Trump to announce publicly.
On a rolling one-year basis, emerging markets stocks have returned 55% and developed markets ex-US have returned 48%, both outperforming the US market's 34% return.
JP Morgan forecasts 40% earnings per share growth for emerging markets in the current calendar year.
Oil futures contracts worth $950 million were sold just hours before President Trump announced a ceasefire with Iran.
Three accounts in prediction markets made over $600,000 betting on the Iran ceasefire, and these same accounts had previously bet correctly on the timing of US attacks on Iran.
The Magnificent Seven stocks have lost more than $2 trillion in market capitalization year-to-date.
OpenAI is projected to go public in late 2024 or early 2025 at a valuation of at least $1 trillion.
OpenAI is guiding to an annual cash burn of $85 billion in the year 2028 and does not expect to be profitable until 2030.
According to Paul Kudroski, the combined market capitalization of Anthropic, OpenAI, and SpaceX could reach $3.75 trillion if they go public at expected valuations.
Following news of a potential ceasefire with Iran, which was supposed to include reopening the Strait of Hormuz, financial markets initially rallied.
The forward P/E multiple of the stock market has compressed from 23 to 19 since January, as earnings have grown while stock prices have fallen.