Israel attacked Iran early this morning, sending markets reeling—we have a full breakdown for you in today’s edition.

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Stocks inched up while the dollar hit a three-year low as tariff jitters met with softer inflation prints.

Israel attacked Iran early this morning, targeting nuclear sites. Full breakdown and market impact below.

An Air India Boeing 787-8 crashed into a college hostel after takeoff from Ahmedabad, killing over 240 people in the Dreamliner’s first fatal crash and sending $BA ( ▲ 1.84% ) shares down by 4%.

GameStop $GME ( ▼ 1.5% ) shares dropped 22.5% on the announcement of a $1.75 billion bond sale that will fund acquisitions and a bitcoin-heavy treasury strategy.

And ChatGPT can trade better than a hedge fund manager, according to The GPT portfolio—and they have the results to prove it.

Israel launched targeted strikes on Iran early this morning, hitting nuclear facilities and killing two top Iranian nuclear scientists along with the Islamic Revolutionary Guard Corps commander-in-chief. The attack followed the expiration of a 60-day deadline for U.S.-Iran nuclear talks, which ended without progress.

Markets moved fast: Oil prices jumped 14%, oil tanker stocks spiked, defense stocks surged, and S&P 500 futures sank as much as 1.9%.

Meanwhile, air traffic over Iran cleared out entirely—here’s the live air traffic map showing what happened.

Trump wrote in his first statement on the matter that “Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire.”

And one strange signal from Washington: the “pizza index,” which tracks food orders near the Pentagon, showed a surge in activity last night around 7pm—suggesting a busy night for U.S. defense leaders.

Outlook: Geopolitical shocks often create short-term volatility and long-term opportunity. Right now, oil and defense stocks are the obvious winners, but be careful—those trades can unwind fast if diplomacy steps in. Broad market weakness can offer good entries in quality stocks that get caught in selling.

“We buy pretty much the same items every week. While our grocery store items have flattened or some cases, dropped back towards normal "before chaos", our favorite restaurants are keeping or exceeding those highs.”

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