🟢 [E2073] Really doesn't like the price action, Trump less able to jawbone the market. Bought CAOS as a tail hedge. Base case is more pain first across most asset classes.

🟢 [E2089] Bought fair chunk of CAOS due to bad price action, Trump less able to jawbone market, and Iran situation. Better alternative to sitting in cash with 3-6 month view depending on war outcomes.

💬 [E2070] Still bullish long term on gold, but it's no longer behaving as a risk-off war hedge, more like a USD alternative. Looking to buy longer term holdings but expects more pain first across most asset classes.

🟢 [E2074] Kuppy hit the nail on the head - Trump's only way out is through Iran, which won't be fast or pretty. Iran has hugely outplayed him with the strait closed. Rates market will really move but unclear how he can TACO out of this.