Anthony Pompliano

But I also think, unfortunately, that that was probably the administration's belief that

Sometimes you were a prisoner of your own success in terms of your decision-making.

He had the success of Venezuela He had the success of last year with the bunker bombs This one has proven to be different and what it has opened up is the realization which the military has talked about and everyone has known this the Strait of Hormuz is a critical choke point for the global economy plain and simple and right now a

by killing leaders inside a country, we don't know who's making the decisions.

And if there's no organization, that means anyone can send a missile into the, like, who's gonna stop it if there's no organization?

And so I think the reality is we have to assume that oil prices are going to be higher than they were before, which means

Inflation is going to be higher than before.

Gas at the pump is going to be higher than before.

And that means that the economy is going to slow down, plain and simple.

Now, AI spending is not going to change.

But with all of this happening, it's why I've said I want to be long hardware.

I want to be long commodities.

I don't want to be anywhere near software.

And this year has been, again, about long duration assets are uncertain.

So first it was the AI disruption.

Well, now we're saying we don't know where oil prices will be at any point and that they could easily gap to the higher side.

And most people don't own any energy.

So remember, at the beginning of the year, the total market cap of the energy stocks in the S&P 500 was 3%.

3%.

Okay, you're dealing with less than $2 trillion, right around $2 trillion.