Hormuz Is Closed, Oil Hits $100, and Your Tech Portfolio Is Having a Terrible, Horrible, No Good, Very Bad Month
Four weeks into a US-Iran war, the Strait of Hormuz is shut, Brent crude is above $113, and the S&P 500 just logged its longest weekly losing streak since 2022.
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | buy | $171.30 | — | — | — |
| OXY OCCIDENTAL PETROLEUM CORP /DE/ | buy | $65.56 | — | — | — |
| NVDA NVIDIA CORP | hold | $166.59 | — | — | — |
| MSFT MICROSOFT CORP | hold | $356.15 | — | — | — |
| META Meta Platforms, Inc. | sell | $520.20 | — | — | — |
| NKE NIKE, Inc. | hold | $51.16 | — | — | — |
| BYND BEYOND MEAT, INC. | sell | $0.64 | — | — | — |
Let's just say it plainly: Brent crude is above $113/barrel, WTI hit $100, the Strait of Hormuz is effectively closed — choking off ~20% of global oil and gas supply — and the S&P 500 just posted its fifth straight week of losses, its worst streak since 2022. The Dow is in correction territory. The Nasdaq 100 has entered correction. Your tech-heavy portfolio is not okay. Mine either. We're in this together.
Social sentiment across YouTube, Reddit, and X is coalescing around one blunt thesis: as oil goes up, stocks go down. Cramer's been beating this drum on Mad Money all week, calling oil stocks the only consistent buy in this tape while urging traders to dump tech indiscriminately — and for once, the crowd agrees with him. Bond markets aren't offering shelter either: the UK 10-year gilt closed above 5%, global yields are rising, and TIPS breakevens are screaming near 5% short-term inflation expectations. Safe havens are basically on strike.
Retired Admiral Stavridis puts the odds of a negotiated Hormuz resolution at just 65% — which means there's a 35% chance this gets significantly worse. Markets hate uncertainty more than bad news, and right now they're getting both on a silver platter with an oil barrel chaser.