Nick Martell

Love the mix today.

Nick, nine of the 10 biggest stock moving days of the last year were caused by either tariffs or the war in Iran.

But besties, nothing in our economy has been more affected than the tomato.

The ripe, red, vegetable-ish fruit is at the center of the geopolitical stage right now.

Because yetis, the price of the humble tomato has jumped by 15% in the last month.

Because multiple macro forces are crushing our tomatoes.

First, Jack, we buy two thirds of our tomatoes from down in Mexico.

But the trade war put a 17% tax on those imported tomatoes.

Okay, but then, Jack, you got a real war going on in Iran.

The Strait is still closed.

Prices are still at 100 bucks a barrel for oil.

Diesel fuel, that's what's needed to transport all those tomatoes across the border.

And diesel prices have doubled since February.

Plus, Jack, since a third of the world's fertilizer passes through the Strait of Hormuz.

Your tomato plans just got julienned.

And finally, American demand for the tomato has never been higher.

Pasta sauce, pizza sauce, ketchup, salsa.

It's the quarterback of every entree.

Bingo, besties, the tomato.

It is making the avocado jealous these days.