Every major market crash since 1987 was preceded by one signal.

Oil's 12 month rate of change hitting 100%.

We're at 91% right now.

The historical record:

💥 1987 Crash — Oil ROC >100%

💥 1990 Crash — Oil ROC >100%

💥 Dot Com Bust — Oil ROC >100%

💥 2008 Financial Crisis — Oil ROC >100%

💥 2022 Bear Market — Oil ROC >100%

Every Single Time.

And today?

Hormuz closed.

We're 9 % points away from the threshold that has never failed to precede a market crash.

The S&P is already down 5.4%.

When oil moves this fast economies break.

Will this time be different?

History says no.