BY ANDREW GIOVINAZZI
June 24th, 2025
Yo Pit Crazies,
President Trump dropped the F-bomb today when speaking about Israel and Iran. He is tired of them fighting and I see his point.
Iran could just be nice, Hamas could just be nice, Hezbollah could just be nice, but will that bring in the bucks?
Iran has funded much of this for years and I think the USA helped when we paid Iran tribute like the Saxon Kings to the Vikings in the 800s. How did that work?
Eventually Alfred the Great killed all the Vikings that still wanted to fight since the problem with tribute is that the bad guys keep wanting it. The White House with Israel’s help is going to try and aggressively cut off the head of the snake and I hope it works. President Trump does want to see an improvement so both sides have to hold the line.
Hours after the ceasefire, both sides broke the truce.
Will it hold?
VIX is now back into contango
For those reading my posts this week, this was the start of the end game for the Mideast events. I want to see the curve slope down to the VIX spot price. That is finally happening. Will it keep going? I think so but that is dependent on the players. I do think Pres Trump with the F-bomb has said he is done helping. Iran and Israel are on their own.
That limits the scope of the conflict. Iran has to figure out if it still wants to lose military assets or not since their offensive capacity is zip. The market can see that and the VIX curve is now in contango for it. Contango means VIX should stay weak.
There is potentially a big Cash Collision coming. Tune in Thursday Night for it.
See you soon!
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
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