Carol Roth

Well, first, Glenn, I'd just like everyone to know that in addition to a background in finance, business, and economics, I have seen both seasons of Landman.

So I feel like this is right in my sweet spot to be able to explain to everybody.

Right.

Good.

Good.

So the headline that is hitting the markets, and you have to remember that markets react to immediate news and

You know, they look out long-term kind of, but they do tend to go kind of minute to minute, you know, when you're looking at it at any point in time.

So the news that came out on CNBC is that Iran signaled safe passage for, quote, non-hostile ships through the Strait of Hormuz.

So the market is interpreting that, whether it's true or not, but in this moment of time...

that there is going to be more opening, and particularly for countries that it may be well aligned with, especially Asia, who is very much affected by the non-travel of ships through this critical junction.

There has been at least the interpretation of a signal that that is going to open up somewhat,

So they're perceiving that as, okay, things are moving in the right direction, that there may be more transportation going through, and that is what is feeding into prices across the markets today, starting with that drop in oil, whether it's true or not.

It is entirely speculation.

And you have all of these wall street houses that are coming out with their predictions, which are forming the consensus that,

of what people are thinking on Wall Street.

And it's based on a guess.

And that's going to move from moment to moment based on what happens.

And by the way, it's like a choose-your-own-adventure book, but there's like 17 different paths to go down.

And depending on which path one person goes down, another 17 open up.

So we don't know.