Hey folks,
Let’s start with something a little different.
The USDA just rolled back a rule from 2001 that blocked road construction on national forest land.
The intention back then was to protect pristine forest areas, but the unintended consequence? Fire crews and loggers couldn’t reach key zones to thin out fire hazards or respond quickly when things got hot.
Now the rule’s gone — which is good news if you care about forest health and wildfire prevention.
But here’s where it gets interesting… it might also open the door to new off-road access.
Could we see more ATV trails? Higher demand for off-road vehicles?
I don’t have a trade idea there just yet — but it’s the kind of policy shift that’s worth watching. Especially when it hits industries most folks aren’t even thinking about.
Meanwhile, back in the markets…
The Nasdaq just hit a new all-time high today, and the S&P is only about 20 points away from doing the same.
That’s a big move — especially when you consider how negative things felt just a couple of months ago.
Remember April?
Inflation worries. Tariff troubles. Rate cut delays. Geopolitical flare-ups. The naysayers were sure predicing a much deeper correction.
And… they were wrong. Again.
It’s another reminder to trust the tape. Don’t let the headlines scare you out of your plan. The market didn’t collapse — it consolidated. And now, we’re pushing higher.
And as for Iran? The Strait of Hormuz drama seems to be fading… for now.
They made noise about closing it, but I doubt they’ll follow through — mostly because Russia and China still need oil flowing through that route, and Iran probably doesn’t want to upset their biggest allies.
So for now, markets are shrugging it off. Just like they’ve shrugged off a lot this year.
Stay sharp,
—Geof
