Israel and Iran trade missile strikes

• Direct missile strikes between Israel and Iran have pushed Brent crude oil prices over $95 USD, raising geopolitical risk.
• A major sell-off in AI and tech stocks continued into the new week, with the Nasdaq experiencing a 4% pullback and South Korea's KOSPI triggering circuit breakers.
• A strong US jobs report is increasing bets on a Federal Reserve rate hike, despite President Trump's public calls for lower interest rates.
• Analyst John Blank highlights 'crazy' valuations in the tech sector, citing SpaceX's 92x price-to-sales ratio (compared to S&P's 3.6x) and Micron's 20% drop from highs, calling it a 'bubble' and 'train wreck'.

The video discusses escalating tensions between Israel and Iran, leading to a spike in oil prices and jeopardizing a peace deal. Concurrently, a significant sell-off in AI and tech stocks is noted, with South Korea's KOSPI tripping circuit breakers. An analyst expresses strong bearish sentiment on tech valuations, particularly concerning the upcoming SpaceX IPO, while the strong jobs report fuels expectations of a Fed rate hike, contrary to President Trump's wishes.