The market's reaction is very telling. Amid the news of a two-week ceasefire, the S&P 500 is now nearing 6,800, trading just ~3.5% away from a new record high. Gold prices are soaring toward $4,900/oz, Bitcoin is above $72,000, and silver is nearing $77/oz. The reality is that in the background of the Iran War's headlines and volatility, the AI Revolution has been rapidly expanding and inflation expectations have risen. Magnificent 7 companies are investing over $600 BILLION in AI CapEx this year alone, and that has not changed. On top of this, we have seen exposure to equities drop sharply due to the volatility, now at the lowest level since May 2025, with this capital eager to re-enter the market. So now, we have one of the biggest technological revolutions in history coupled with higher inflation, which investors need to hedge against, and trillions of dollars of sidelined capital. We have been saying it for months and will continue to say it now: Own assets or be left behind.(The Kobeissi Letter)