Scott Galloway

And it is that global rotation that we were talking about last year.

Everyone was saying it was the sell America trade, which wasn't quite right because the S&P continued to rise, but it was really like more of a hold America trade and then add some internationals into your portfolio.

Why aren't I in Brazil?

Well, to be fair, we have been making that claim for about a year now.

Good.

And people said that we were U.S.

doomers and that we had TDS, et cetera.

And we tried to push back on that as much as we can.

But, I mean, it has been an incredible trade.

And it does make you consider the question, like,

How would the US stock market be performing right now if we didn't have tariffs and if we didn't have a war with Iran emerging?

You'd have to think that the stock market would be absolutely ripping because of that incredible earnings growth, which we will get to in a moment in our second story.

I just want to, as we wrap this up, get your reactions to another development in this insider trading saga that we continue to see here.

$950 million worth of oil futures were sold just a couple of hours before Trump announced that ceasefire with Iran.

I think that is probably less concerning because I think it's feasible that these traders were actually just thinking like he is going to taco.

And I think that was reasonable.

may be quite reasonable in the context of the other scandals that we've seen.

It does raise some cause for concern.

But then in the prediction markets, three accounts made more than $600,000 betting on the ceasefire.

They are the same accounts that correctly bet on the date and the timing of the U.S.