March 11, 2026

Markets:

Stock futures fell slightly on Wednesday as investors continued to eye developments in the U.S.-Iran war and oil prices as well as weighed key consumer inflation data.

Multiple reports stated that the International Energy Agency would announce later in the day a historic release of emergency oil reserves.

In a Wednesday morning note, analysts at Goldman Sachs said the IEA’s proposed oil release would offset 12 days of their estimated 15.4 million barrels per day of export disruption. They said this could take $7 off of oil prices, assuming 50% of the emergency stock releases remain in OECD commercial storage.

To be sure, a prolonged conflict could keep prices elevated. Overnight, it was reported that American forces had sunk several Iranian ships, including 16 minelayers, near the Strait of Hormuz as Tehran was seeking to mine the critical shipping route at the center of concerns around oil supplies.

The United Kingdom Maritime Trade Operations also said Wednesday that three cargo ships off Iran’s coast, one of which was in the Strait, have been struck by projectiles.

This comes just days after President Donald Trump said earlier this week that the war will end “very soon.”

Portfolio:

Nice day for us yesterday and we enter todays session holding setups in TALK, ONDS, and TALK.  The strength the Q's have shown is truly something else.  590 was always the line in the sand but the bears can't even break it under 600 and hold it there.  Truly remarkable.  When the Q's breakout – and they will soon – watch out!  Thats when really money will truly be made and its coming!

All of 2025 we focused on narratives and themes and it paid us.  So far, If I had to sum up 2026 in one sentence: Narrative follows price far more often than price follows narrative.  Understand this and understand whats coming.  Soon – just like last years time frame – bet we run to new highs and people will once again be talking about "the most hated rally" in the history of this market.