Stocks Rise as Maduro Faces First Court Hearing in NY

Summary

Peter Tchir of Academy Securities discussed the market impact of the US operation in Venezuela, arguing that markets are largely shrugging off the geopolitical risk. He sees the Venezuela oil story as unproven and played out, flags China rare-earth/critical-minerals retaliation as an unpriced risk, and favors production/security companies tied to US resilience. He also commented on potential next pressure points like Cuba, Colombia, Iran, and Greenland, and downplayed Greenland's rare-earth potential.

• US equities rose and havens like gold, dollar, and Treasuries saw only moderate demand after Venezuela developments.
• Guest Peter Tchir said markets are taking the Venezuela operation in stride, partly because it was telegraphed.
• He sees Venezuelan oil reserves as unproven and expensive, calling the oil story played out.
• He warned China could retaliate by threatening rare earths and critical minerals, a risk not priced in.
• He favors production and security companies involved in building US resilience.
• He identified Cuba as potentially next at risk, with Colombia, Iran, and Greenland also discussed.
• He was skeptical that Greenland rare earths can be economically extracted.