Michele Cesari @Mexploder: "𝗛𝗼𝗿𝗺𝘂𝘇 𝗱𝗲𝗮𝗹, 𝗱𝗲-𝗲𝘀𝗰𝗮𝗹𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝘁𝗵𝗲..."

Italy

𝗛𝗼𝗿𝗺𝘂𝘇 𝗱𝗲𝗮𝗹, 𝗱𝗲-𝗲𝘀𝗰𝗮𝗹𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗼𝗳 𝘄𝗮𝗶𝘁𝗶𝗻𝗴 Late Friday brought one of those headlines that genuinely shifts the macro backdrop: the United States and Iran have reportedly reached a deal to end the conflict and reopen the Strait of Hormuz, removing the naval blockade that had been in place since early June. If confirmed over the coming days, this would mark the end of a three-month-plus crisis that had effectively taken roughly a fifth of global oil and LNG traffic off the table. The implications are meaningful: lower energy price pressure, more room for the Fed to move on rates, and a broadly improved environment for risk assets. I'm keeping a measured tone until we see the details hold, because geopolitical agreements have a habit of looking cleaner in the announcement than in the execution. But this is the kind of development I've been watching closely. On a different note, $SPCX (Space Exploration Technologies Corp) made its public market debut on Thursday at a valuation of around $1.77 trillion. I have genuine admiration for what Elon Musk's team has built there: the execution, the technology, the long-term ambition. It's a remarkable company by almost any industrial measure. But remarkable companies and good investments at a specific price are two different things. At that valuation, it feels like the market is already pricing in a near-perfect outcome, leaving little margin for the kind of surprise or stumble that early public companies inevitably encounter. My approach, quality at a reasonable price relative to growth, means I sometimes watch from the sidelines, and this is one of those moments. Discipline isn't always exciting, but it's what keeps a portfolio coherent over time. This content is for informational purposes only and does not constitute financial advice. Investing involves risks. $SPX500 $NSDQ100 $OIL

Not investment advice. The author may have financial interests in the mentioned instruments.