Jordi Visser

But by the end of the week, we'll start to focus again on what's happening with earnings and what's happening with commodities and the story that's going in.

I want to bring up one more thing and just make sure, because this is an important point.

When when we're talking about commodities, there's an oversupply of fossil fuels.

So this is very 1970-ish.

And from an investor standpoint, that's where you should go back and do your homework.

Small caps, value, commodity related names.

So far this year, energy and materials are the two best performing sectors in the stock market.

Tech is the second worst.

I think that's what this year will be about.

I think everyone that's been sitting in software names and everything related to abundance is gonna be in trouble and commodities are gonna be a theme.

But the only thing that traditionally takes down that theme

is when energy prices spike too high and you get actually a demand shock and you start, that's not gonna happen this time because we have an oversupply.

Silver does not matter to the cost of a data center.

It does not matter to almost anything.

It does to your iPhone.

So your iPhone costs are gonna go up, but whether the iPhone is $800 or 900 is not gonna change the demand side.

So you're going to see this play out in a very different way.

This is a reflationary boom.

This is not the 1970s where the stock market went sideways for this.

You're going to see everything continue to move higher.