Actionable Intelligence Alert with John Polomny

Micron CEO selling shares, Google and Meta issuing shares, SpaceX IPO hype seem to me all classic signs of top behavior. Couple that with over 50% of the market being concentrated in AI and tech, and you have a warning of a stock market top, in my view.

Jeff Currie, the world-famous commodity expert, has said that resources and commodities are the asset class with the most upside. Welcome to the most asymmetric trade in modern financial history. https://x.com/CommodMkt/status/205514...

Recent comments from leading oil companies like Exxon and Chevron warn that imminent inventory lows could lead to higher oil prices in the next couple of months.

I interviewed Scott Osheroff, the CIO of the AFC Uzbekistan Fund, on the current economic climate in Uzbekistan. We also discussed the start of trading for the Uzbekistan National Investment Fund on the London Stock Exchange this week.
State Fund IPO Opens Door to Buy Into Uzbekistan's Growth Story https://financialpost.com/pmn/business-pmn/state-fund-ipo-opens-door-to-buy-into-uzbekistans-growth-story
The National Investment Fund of the Republic of Uzbekistan https://www.uznif.com/en-uz
AFC Uzbekistan Fund
https://www.asiafrontiercapital.com/afc-funds/afc-uzbekistan-fund.html Scott Osheroff's Telegram Channel https://t.me/+iVi21gYOX-Y0NWQ1

More and more information is emerging that many unknown knock-on effects are arising from the continued Iranian closure of the Strait of Hormuz.

The Strait of Hormuz remains closed, and the stock market (especially tech stocks) keeps hitting new highs while energy is underperforming. We will see if this continues.

Agricultural prices are beginning to break out as the market prices in the effects of higher diesel and fertilizer prices and/or the lack of fertilizer application across various crops.
This is one of the biggest economic own goals in history. Yet most market participants are ignoring the consequences or are unaware of them.

I take a look at the long-term charts of lithium and nickel. Both appear to be breaking out of base building sideways formations. The probability of higher prices is significant.

The Trump administration has a midterm election coming up, and the worst thing that can happen is higher oil and gasoline prices. Consumers don't like high prices, duh! It appears we can't get Iran to what we want, so Trump lies about progress with negotiations, and the market sells off the oil price.
Then on the weekend, when markets are closed, they go back to bombing or threatening to bomb Iran.
At some point, reality will assert itself.

Because of the closure of the Strait of Hormuz, many essential goods are not leaving the Persian Gulf. This is creating many opportunities in second and third-tier ideas. I talk about a few this week.