I missed last week’s update due to Iran war wrecking havoc on my schedule (and portfolio), but we are back to regular programing. Since the last update a lot has changed, but you had plenty of opportunity to hear about it, from the post mortem I published to the monthly State of the PROPHET NOTES.
Today will be a rather short update as I’m in the process of working out the big questions around the Strait of Hormuz. A deep dive on it will come out next week, while today I will focus on more general implications of the current situation.