Mr. Arnold.

Happy to be here, as always, coming off another great master's weekend.

As we were discussing in the pre here, you know, if we get into World War III, as it looks more and more likely every day, we know what we're fighting for as Americans, which is for the right to sit around on a sunny Sunday afternoon and watch an Irish guy win our most important golf tournament. Two years in a row shot to Rory. Yeah. Hard fought victory. Thought he's going to give it up. It was, it got interesting there. I thought Reris was going to make a push. I thought Scottie was going to make a push. Not without drama. Never without drama with Rory, but he pulled it out. He did. He did.

But at last, we're not a golf podcast for Bitcoin slash. I think we're a macro podcast now. I think I've gotten some feedback. Some of the brightest minds in macro economics globally have been listening week in a week out just to come and get your thoughts, John, because they're good thoughts.

As you alluded to, things are chaotic.

I was away from keyboard.

I had my phone in my birthday celebration over the weekend, not mine, but somebody in my

families and I kept my phone away from me all day, Saturday.

Obviously, yesterday was the Masters.

So I was in bed last night.

Like, okay, what happened this weekend? Looks like it was a bit chaotic. Cise fire on, off, on off.

We'll pull up the first slide that you put together today, which is a reference to the game

show deal or no deal. Yeah. This was the most concise way that I knew how to summarize the events of the

weekend. I feel really good that in what could be an emerging energy crisis for the world,

that I lit a graphics card on fire, a GPU on fire to create this totally high value ad gym.

But yeah, here's what we're looking at. Interestingly, my projection for SPY does not look to have proven correct as we're basically flattish this morning,

despite oil ripping on news of a decision to blockade Iranian ports with the Navy, the US Navy,

in the Strait of Hormuz, in response to talks that lasted, I think, less than 24 hours between Vice President J.D. Vance and some faction of the Iranian contingency, and we can get into maybe who they were talking to and what that means.

But in any case, that fell through. And so now we are definitively escalating. And not only is the straight not going to be open but we are going to make it even

more closed than it was before so an interesting uno reverse card being played here as always

it's a bold strategy got and we'll see how it plays out but yeah big big implications this week after

the market decided last week with the ceasefire announcement that everything was was gushy

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