**PEACE DEAL!!! [IRAN!]**

[00:01] Well, well, well, well, well, well. Here

[00:04] we go, folks. It looks like and we still

[00:07] have to make sure everything gets tea

[00:10] crossed and eyes dotted, but it looks

[00:12] like the market is reacting to really

[00:14] big enthusiasm about a deal. I got to

[00:16] run out of the door in a few minutes

[00:18] here. I actually shouldn't even be

[00:19] streaming right now. But this is great

[00:21] news because what's happening now and

[00:23] we're going to go through the news is we

[00:25] are getting a broadening finally in the

[00:28] market on news of this deal. We could

[00:31] see that the cues the NASDAQ 100 is up.

[00:34] But what even happened before this deal

[00:36] was announced is thanks to Snowflake

[00:39] holding on to its 35% gains. We did a

[00:42] full fundamental analysis on Snowflake

[00:44] in a course member live stream. We've

[00:46] been paying attention to the software

[00:48] bottom forming. Look at what's happening

[00:50] in software. Cloudflare is up 6 1/2%.

[00:54] You've got Palunteer up nearly 4%.

[00:56] Meta's actually green. It's bounced off

[00:59] actually pretty nicely off of this 607

[01:02] level. Pretty important line that we

[01:04] have recently continued to hit. Uh Axon

[01:06] up another 9%

[01:09] which is remarkable on the day here. Uh

[01:12] and finally solidifying a little bit of

[01:14] a bottom. Why? Why is some of this

[01:17] happening now? Well, some of it's

[01:19] happening because of this Iran uh likely

[01:22] deal that has been reached according to

[01:24] leakers inside the White House. We do

[01:26] not yet have Donald Trump's truth social

[01:28] post on this. But we're going to go

[01:30] through the details of uh what what is

[01:33] rumored to be announced very shortly.

[01:36] And this is what the market is starting

[01:37] to move on. We could actually see uh oil

[01:41] and yields move on this deal as well.

[01:43] So, we have to be careful not to get

[01:45] super excited yet because there's always

[01:47] a chance one side's going to come out

[01:49] and go, "This is fake news." But,

[01:52] frankly, we keep moving closer and

[01:54] closer uh to um uh to a deal, you know,

[01:59] almost on a daily basis. It seems like

[02:01] on a daily basis, we're moving inch inch

[02:03] inch closer. And even though yesterday

[02:05] we had some nervousness in the market

[02:08] over, oh no, we got drones flying and

[02:11] we're striking each other with defensive

[02:13] strikes again, which is just kooky

[02:14] dookie. It does seem like it's fair to

[02:16] get excited over the fact that we are

[02:19] approaching finalizing getting Hormuz

[02:22] reopened, which is great. This morning

[02:25] we were sitting at 76 on Brent. That is

[02:28] despite the fact that we had uh in the

[02:31] uh PCE inflation read this morning and

[02:33] the GDP read although in fairness the

[02:35] GDP read indicated Q1 our economy grew

[02:39] slightly slower than expected at 1.6%

[02:41] rather than 2%. Most people aren't going

[02:43] to pay attention to that. We did get uh

[02:46] Brent though come down now about $2

[02:48] intraday. You've got WTI coming down

[02:50] also about a buck and a half intraday.

[02:52] Uh 10-year Treasury yield down about 1.6

[02:56] bips. So you can see a lot of this deal

[02:58] almost already feels like it's you know

[03:02] we're not seeing much reaction in the

[03:04] bond market yet. I think markets now are

[03:06] like all right can can we actually let

[03:09] this be a final deal now but according

[03:12] to the leakers inside of the White House

[03:14] the deal has been reached. So there is

[03:17] an understanding to extend the ceasefire

[03:19] and separately negotiate Iran's nuclear

[03:22] program. So the Iran nuclear program

[03:24] will be negotiated separately. There

[03:26] have been discussions already about

[03:27] potentially China or Russia taking

[03:31] Iran's nuclear highlyenriched material.

[03:33] Uh it is unlikely that is uh going to be

[03:37] acceptable to Donald Trump. We also see

[03:39] that the Israelis are still expanding

[03:41] their incursion into um Lebanon. You've

[03:45] got two more large city evacuations were

[03:47] just issued yesterday. Donald Trump says

[03:50] ultimately nobody will control Hormuz

[03:52] and it will be open for all. As part of

[03:54] this deal that is currently being

[03:56] leaked, we're expecting Hormuz to open.

[04:00] And Donald Trump is saying he's going to

[04:02] remove the blockade

[04:05] in pieces based on how much Iran loosens

[04:09] their blockade and how much untold

[04:12] traffic Iran lets through. So, we'll

[04:15] see. This is good progress so far. It

[04:19] would be the signing of that memorandum

[04:21] of understanding. We've heard about

[04:22] since Saturday. Both of them did after

[04:26] Saturday's excitement was announced.

[04:28] Both of them said, "Hey, this is still

[04:29] going to take days. We're not in a major

[04:31] rush to get this done." It seems like

[04:34] now we are getting even closer to this.

[04:36] US negotiators briefed Trump on the

[04:38] details of the final deal, but did not

[04:40] immediately sign off yet. The president

[04:42] relayed to the mediators that he wants a

[04:44] couple days to think about it. So, in

[04:46] fairness, we're now waiting for Donald

[04:48] Trump to craft his truth social post to

[04:51] show how he can declare victory on this.

[04:54] Overall, this is obviously extremely

[04:56] exciting. Uh it is worth noting uh that

[05:00] uh the US officials claim the Iranians

[05:02] did come back and say that they had

[05:04] necessary approvals and were prepared to

[05:06] sign. Now, to be determined if that is

[05:09] definitely true, some of the stuff comes

[05:11] from leakers, so we don't know. Uh, the

[05:13] Iranians did circulate a 14-point plan

[05:16] that did not include the Iranian nuclear

[05:19] program 2 days ago, which Donald Trump

[05:22] called fake news. But if you think about

[05:24] it, this current framework and

[05:26] memorandum of understanding is also not

[05:28] expected to include the nuclear program

[05:30] because we expect to just kick the can

[05:32] down the road on the nuclear program and

[05:34] the highlyenriched uranium, which does

[05:36] mean we're still in a worse off position

[05:38] than where we were before, where we had

[05:40] weapons inspectors and an understanding

[05:42] of where the uranium was. But it is a

[05:45] sign that after the damage that was

[05:47] caused on February 28th by attacking

[05:49] Iran and uh Iran essentially taking

[05:52] control via strangle hold of the

[05:54] straight of Hormuz we can now see that

[05:56] we are getting alleviated tensions and

[05:59] we're trying to at least get back to par

[06:02] which remember in January oil prices

[06:04] were 60 bucks. So if we could get back

[06:06] there we could also see that PCE

[06:08] inflation which came out this morning.

[06:10] We could see that number come down. By

[06:12] the way, PC inflation numbers this

[06:14] morning, while the GDP numbers weren't

[06:16] great on the revision, the PC numbers

[06:18] were a lot less scary than feared. We

[06:20] had 2% on core versus the feared.3%.

[06:24] And exer or core services excluding

[06:26] housing which were rising in CPI came in

[06:30] only at.1% on PP or PCE. Here we did

[06:34] also see households

[06:36] uh see their household incomes basically

[06:38] go stagnant. essentially no growth in

[06:41] household income. Uh in despite the fact

[06:44] that you're seeing household expenses up

[06:45] 0.5% more than expected. So households

[06:49] getting squeezed a little bit of relief

[06:52] on some of that core services inflation

[06:54] we saw from CPI which is good for yields

[06:57] and I would call it another step closer

[07:00] to a deal. It's not 100% official. It's

[07:03] not all going to be over until as I say

[07:05] the fat lady sings or whatever we want

[07:06] to call it. uh but uh but this is really

[07:10] taking shape because we are seeing

[07:12] probably the biggest sort of issue left

[07:15] is dealing with Israel and Lebanon. But

[07:18] I think one of the reasons and I

[07:19] mentioned this on Saturday, I think one

[07:20] of the reasons Israel is ramping up

[07:24] their attacks into Lebanon uh is because

[07:27] they know this deal is imminent. Uh, in

[07:30] fact, because this deal is so imminent,

[07:34] uh, we're doing a little special thing

[07:36] for people watching this live stream.

[07:38] Uh, we're we're we're doing we we were

[07:40] just changing getting ready to change

[07:42] the prices, changing all the prices on

[07:43] all the courses. Uh, we're going to do a

[07:46] really quick like 12-hour extension.

[07:48] That's it. 12 hours. Then the prices

[07:50] going up. Coupon code deal is going to

[07:53] expire tonight. Uh, and we have already

[07:55] set June 8th as our tentative target for

[07:58] releasing a lot of new features that

[08:00] course members are absolutely going to

[08:02] love. So, we've got a really big release

[08:04] coming out on June 8th. The pricing for

[08:05] the courses will be a lot higher then.

[08:07] But, if you want to join the membership,

[08:08] use coupon code deal on the announcement

[08:10] of this deal. That'll uh we'll we'll

[08:12] raise the pricing tonight on it. Very

[08:15] brief extension here. Just about 12ish

[08:17] hours, 13 14-ish hours, something like

[08:19] that. Uh, but let's keep looking at this

[08:21] here. Trump and his adviserss thought

[08:22] they were close to a deal several times

[08:24] earlier the stage of war but nothing has

[08:26] materialized. The uh US officials said

[08:28] the 60-day memorandum of understanding

[08:31] will state um uh that shipping through

[08:33] the straight of Hormuz will be

[08:34] unrestricted, no tolls and no harassment

[08:37] and will have Iran will have 30 days to

[08:40] remove all the mines from the straight

[08:41] if any. I wouldn't actually be surprised

[08:43] if the United States helps or Iran just

[08:45] provides the corridor. Remember the way

[08:48] the straight of hormuz works is I'll

[08:49] show you where we think the minds are

[08:51] just sort of consolidating uh the the

[08:54] research and knowledge that we have of

[08:55] the area. We believe that the mind areas

[08:59] of the straight of Hormuz which is right

[09:01] here right you've got the Persian Gulf

[09:03] right here the Gulf of Oman on the right

[09:04] side. Uh you know that Saudi Arabia is

[09:07] using their east west pipeline to get

[09:09] oil over to the Red Sea. We know that

[09:11] the Houthis over in Yemen have not shut

[09:13] down uh the straight over here which is

[09:16] great. We don't need another choke

[09:17] point. But we believe that the mining

[09:20] has mostly occurred on this bottom half

[09:23] of the straight of Hormuz. And that's

[09:25] why Iran forces ships close to their

[09:29] coastline around Lorac Island right

[09:33] here. That this is the safe passage

[09:35] around Lorac and then out, suggesting

[09:38] that this is the mind area. Which means

[09:41] even if Iran doesn't clean all up all of

[09:43] the mines, you could still move through

[09:44] this section right here, which would be

[09:46] fantastic. I'm almost done. I'll be

[09:47] right there. I got to run. I'm getting

[09:49] in trouble. Uh Oman should know that the

[09:51] US Treasury will target any actors

[09:53] involved in facilitating tolls of the

[09:55] Straight of Hormuz. Oh, this is Besson.

[09:57] Besson's talking right now. Any willing

[09:59] partners in tolling in the Straight of

[10:00] Hormuz will be penalized, including

[10:02] Oman. And Oman is a friend and a peace

[10:05] negotiator for the US. So Bessant is now

[10:07] sticking it to Oman saying you better

[10:10] not participate in tolling them. This

[10:12] needs to be open. You guys need to clean

[10:14] up your crappy mines over here. Iran

[10:16] again I think we'll just send people

[10:18] through Lak over here and then you can

[10:20] avoid the mines. Uh but that's also

[10:22] where you're within drone range, right?

[10:24] That's why most of the ships that are

[10:26] stuck over here don't want to go through

[10:28] there because they know they're just

[10:30] going to get droned by the Iranians.

[10:32] You're really close to land that way. So

[10:34] anyway, the blockade will be lifted in

[10:36] proportion to the restoration of

[10:38] commercial shipping. The MOU will

[10:41] include an Iranian commitment not to

[10:42] pursue a nuclear weapon and we'll figure

[10:44] out how to dispose the highlyenly

[10:46] enriched uranium within 60 days. Very

[10:50] impressive, I have to say. Um this is

[10:52] another step in the right direction. I'm

[10:53] very excited that we can actually

[10:55] potentially broaden this market rally.

[10:58] Uh I think that's very likely especially

[11:00] as oil continues to drop and bonds

[11:02] continue to uh bond yields continue to

[11:04] drop. I do think we are moving to about

[11:06] 739 pretty soon on the NASDAQ 100 but it

[11:10] needs to be driven by that 21% portion

[11:12] of the NASDAQ 100. That's software Axon

[11:16] which is one of our uh you know one of

[11:18] our our targets for a really big bounce

[11:21] off the software bottom mostly because

[11:23] police departments aren't going to vibe

[11:24] code their software away for this. Uh

[11:26] this right here is going to be in my

[11:28] opinion huge uh a huge opportunity in

[11:31] the longer term. And if you want to see

[11:32] more of those huge opportunities and

[11:34] stocks like we've been calling out in

[11:36] the course member live streams, make

[11:37] sure you join us. You could use that

[11:39] coupon code deal. Again, we just very

[11:41] briefly extended it solely on this deal

[11:44] right here. Big price increase tonight.

[11:46] You get every trade alert, all nine

[11:47] courses, every private live stream,

[11:48] every alpha report, uh every single

[11:50] course that we've got allin-one

[11:52] membership and new features coming out

[11:54] on June 8th. I think everybody's going

[11:55] to love. Thanks so much for being here.

[11:57] Go to meet Kevin.com. We'll see you all

[11:58] soon. Goodbye.