Hypersonic War

In this report:

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Views

This is not investment or trading advice.

It was my view that the markets had a great opportunity after the APRIL 7TH/9TH sell-offs, to bounce back to QPVAL $5725, then sell off and take out the lows. On the Duggan Capital desk, we call that set up a BPB Short. Scott Bessents Swiss confab with The Chinese negotiators announced another pause on tariffs and the markets gapped up over the QPVAL. Apparently it was all over for the bears, and retail traders piled in. We have now moved to the QPVAH $6070- Another setup area for us RPB Short setup. We are short this market via options. I believe we sell down from here and takeout the lows of the year.

There will be pockets where companies will do well in the ongoing war and trade war environment, these will be Energy, gas, utilities, infrastructure, and Bonds. This war will cause contraction of global trade and oil price led inflationary shocks. Personally, I’m deep into The North European Oil Royalty Trust NRT 0.00%↑. It’s a German Oil & Gas royalty company, selling to Europe, no DXY FX risk, no U.S market exposure. A play that benefits as long as Europe don’t buy Russian gas. The dividends are beefy too!

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Articles

• Real Supply Risk-The Oil Report

• Israel launches preemptive attack on Iran-Live updates/full story

• Israel and Iran strike at each other as Trump says conflict can be easily ended

• Iran Update Special Edition: Israeli Strikes on Iran, June 13, 2025

• Operation ‘Praying Mantis’- When Iran challenged American sea power

  NON-WAR RELATED

• Welcome to 2035. What the world will look like. Skip to new axis comments.

• Dependency and depopulation. Confronting the consequences of a new demographic reality: My fiancée Shelby has a startup in the ageing space.

• What is an A.I. agent? Podcast

• The new face of wealth: The rise of the female investor

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Calendar

FOMC POLICY ANNOUNCEMENT (WED): The FOMC is widely expected to keep rates unchanged at its June 17-18th meeting, with the Fed likely to adopt a wait-and-see stance amid continued uncertainty over the economic impact of Trumps tariff policies. In the latest Fed poll, conducted by Reuters before the May CPI release, 59 of 105 economists forecast the Fed would resume rate cuts next quarter, likely in September.

• MON: OPEC MOMR, Chinese Activity Data (May), EZ Labour Costs (Q1),

• TUE: BoJ Announcement, IEA OMR, German ZEW Survey (Jun), US Retail Sales (May)

• WED: FOMC Announcement, Riksbank Announcement, Bank of Indonesia Announcement, BCB Announcement, UK Inflation (May), EZ Final CPI (May), New Zealand GDP (Q1)

• THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Australian Jobs (May) Juneteenth holiday- half day markets.

• FRI: Japanese MOF Bond Meeting, PBoC LPR, Japanese CPI (May), UK Retail Sales (May), Canadian Retail Sales (Apr), Quad Witching

Earnings

• Mon: LEN.

• Tues: JBL.

• Wed: N/A.

• Thurs: N/A

• Fri: ACN, KMX, DRI, KR.

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Macro

Iranian situation: