Oil at $112, 20,000 Sailors Stranded, and SpaceX Is Still Trying to Go Public — Welcome to the Worst Week in Four Years
Bloomberg podcasts and Jeremiah Babe rarely agree on anything — this week, the gap closed uncomfortably fast
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| SPCE Virgin Galactic Holdings, Inc | sell | $2.29 | — | — | — |
| BA BOEING CO | sell | $190.05 | — | — | — |
| UAL United Airlines Holdings, Inc. | sell | $87.97 | — | — | — |
| DAL DELTA AIR LINES, INC. | sell | $64.52 | — | — | — |
| LUV SOUTHWEST AIRLINES CO | sell | $37.36 | — | — | — |
| LMT LOCKHEED MARTIN CORP | buy | $614.20 | — | — | — |
| RTX RTX Corp | buy | $188.98 | — | — | — |
| NOC NORTHROP GRUMMAN CORP /DE/ | buy | $676.00 | — | — | — |
| GE GENERAL ELECTRIC CO | hold | $281.89 | — | — | — |
| FDX FEDEX CORP | sell | $343.00 | — | — | — |
| MPC Marathon Petroleum Corp | buy | $252.00 | — | — | — |
| VLO VALERO ENERGY CORP/TX | buy | $254.49 | — | — | — |
| AMZN AMAZON COM INC | hold | $198.42 | — | — | — |
| EPAC ENERPAC TOOL GROUP CORP | hold | $34.34 | — | — | — |
| NVO NOVO NORDISK A S | hold | $36.06 | — | — | — |
Let's start with the number nobody wants to say out loud: Brent crude closed above $112 a barrel on Friday, the S&P 500 is down over 7% in five weeks, the Nasdaq is in correction territory, and roughly 20,000 seafarers are stranded on ~2,000 vessels near a nearly-closed Strait of Hormuz. Normal ship traffic through there runs about 130 vessels per day. Current pace? Two to five. This is not a drill.
The YouTube finance world is in rare alignment. Jeremiah Babe — usually dismissed as permabear noise — is hollering about $150-$200 oil and de-dollarization (the US dollar's reserve share just hit a 31-year low of 56.8%), while Bloomberg's own podcasts are covering Houthi missile strikes, TSA walkouts (~40% called in sick, 500 quit), and fertilizer costs for Illinois corn farmers that went from $11,000 to $21,000 in weeks. Meanwhile, $SPCE — wait, wrong rocket company. SpaceX is quietly filing a confidential IPO with a June 2025 target, allocating 30-35% to retail, because nothing says 'buy the dip' like going public during a war-fueled energy crisis.
The Morningstar crowd is calmly reminding retirees to sequence Roth withdrawals first — genuinely solid advice, and also the most surreal content to exist alongside footage of burning Saudi airbases. Sequence your withdrawals correctly, kings. The world is on fire, but at least your RMDs are optimized.