Jun 3 Wall Street Halts Record Run as Escalating Persian Gulf Hostilities Push Oil to $96

$GTLB $PANW

Author

Mukund Mohan
June 03, 2026

Market

“The absolute catalyst was an overnight escalation where Iran launched missiles at targets in Kuwait and Bahrain”.🫠 

All three major averages pulled back from yesterday's record finishes

Strong private sector payroll expansion of 122,000 jobs for May initially demonstrated economic resilience. However, the economic data was entirely overshadowed by reports that Iran launched missile strikes at Kuwait and Bahrain.

Buy the Book

My new book looks at 320 people’s lives over the last 30 years, from similar backgrounds and tries to explain why some are doing very well from a finance, career and relationships standpoint, but others are struggling. Buy the book today on Amazon.

Why similar people end up very differently: Mohan, Mukund

Questions People Ask Too Late

www.amazon.com/Why-similar-people-very-differently-ebook/dp/B0GDWJQB5D

Insights from the portfolio

$PANW Palo Alto Networks successfully detached itself from the sector panic, combining a double-beat with an authoritative defense.

Palo Alto Networks Defies Cloud Headwinds, Surpassing $3B Revenue with a Powerhouse 60% Surge in Next-Gen Security ARR

Mukund Mohan

Video of the day

Today’s video is on Gitlab $GTLB ( ▼ 1.68% ) the DevSecOps platform.

Deep dive of the day

GTLB Gitlab When the Market Punishes a Beat: The Restructuring Discount Is Your Entry Signal - Investment Literacy Coach

Here's the hook: GitLab beats on earnings, raises its profit forecast, announces AI platform momentum, and the stock drops 7.39% on the day. In my 28 years

Investment Literacy Coach