Yo Pit Crazies,

Did you know chickens eat grass seed? I didn't know that either. Apparently it's like an Outback Steakhouse for chickens: peck, peck until it's all gone.

So, you see, I'm building up an area for a golf green in the hairpin of my driveway. This past week I had the excavation crew seed it, and no sooner did the seed go down than the chickens started eating the bentgrass seed. I had to chase them off with a hose.

Now, of course, learning things after the fact is better than nothing. I saw the chickens run to the grass seed, and they got the hose. I've got another six days until the seed germinates and I can turn the chickens loose again.

Oil Through the Strait of Hormuz Is at 90%

This is another thing I wish I'd known earlier. We've had six months of subpar oil exports through the Persian Gulf, but that situation's getting better. According to the chart below, Iran isn't selling oil.

It took the U.S. Navy six months to put this in place, and it was no easy feat. Now Iran's in trouble, but I'm not hearing about it. Kind of like chickens liking grass seed: it was true, I just didn't know.

This should slow inflation and push Treasury yields lower. It remains to be seen, but it can happen. Below is the most important chart of the year so far.

The pressure on oil prices pushed traders into the AI trade, and it got crowded. There's a lot of opportunity once the dust settles in the Persian Gulf. I expect to see call buyers (traders betting a stock heads higher) come back in droves.

This is how you see the call buyers coming.

So far my Sibyl scanner has grabbed 14 of 15 closed winners, and I expect it to grab a bunch more once things bounce a bit.

Hopefully this was helpful,

Andrew Giovinazzi