Emil

A month ago, or whenever this whole war invasion started, everybody was hanging on every single word that Trump said and Trump tweeted.

And now it's just old news.

It just doesn't... And depending on who you ask, oh, it's priced in, the market is forward-looking, and that's...

Is it a function of people just looking for a story afterward to excuse and explain the fact that the market doesn't care anymore?

I don't know, but yeah, it just doesn't seem to care.

Yeah, Brent Crude is at like, last I checked, like 110%.

a barrel.

And a month ago, that would have spelled disaster for the S&P.

But now it just doesn't matter anymore because now the narrative has shifted.

Everybody's focused on memory stocks and semiconductors.

The SOX, the semiconductor ETF has just been on a parabolic run.

And that's just a group of different, for the audience, that's just a group of semiconductor stocks that you can buy in the group.

Yes.

Effectively.

Right.

And I recently learned over the last 48 hours, have you seen Korea's stock market index?

The Kospi?

The Kospi show?

Yeah.

Sorry.