Asks about market conversations and nervousness over last 24 hours, noting some cash on sidelines but no one exiting.
Nicole
John Blank
Views economic policy uncertainty as standard for this administration, with oil shock impact being priced in. Notes only 3% of US spending is oil/gas related and US is net exporter.
Asks how to play sell-offs and if there are opportunities.
Nicole
John Blank
Tech sector doing relatively well in down market, indicating buying activity focused on revenue/profit/earnings growth.
Asks about defensive sector names that can outperform through war headlines.
Nicole
John Blank
Recommends staying with chip names playing supply-constrained environment, specifically Taiwan Semi, Seagate, Nvidia.
Asks where oil could be headed next week - higher or lower from current $92.
Nicole
John Blank
Reminds that WTI was above $100-150 for three years (2011-2014), current $92-95 levels were seen 12 years ago.
Asks timeframe for $150-200 oil price scenario.
Nicole
John Blank
Looking at 6 months to 12 months for $150-200 oil, but could reach $115 next week given leverage in futures markets.
Questions if administration would allow high energy prices before midterm elections, suggesting they'd need to bring prices down.
Nicole
John Blank
Argues this situation is different - involves Iran where US killed leader, creating asymmetry Iran can exploit for high prices.