By Paul Sankey
Published on August 6, 2026 at 1:23 PM
I read a Tweet the other day that has been playing in my head: “What if the bubble is only just forming?” That got stuck in my head as we hit all time highs on the S&P5000 – before a Hormuz deal. No question, liquidity is sloshing, with the Treasury Secretary selling Euros to buy Yen… to keep the carry trade alive. Inflating markets. On ConocoPhillips there are other inner monologues in this note that …
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By Paul Sankey
Published on July 19, 2026 at 2:39 PM
As a battle-scarred veteran of being a US Travel Soccer Dad, it is no new experience for me to travel for days to a big match and come back defeated and furious with the coach. Briefly to get it out of the way, a couple of things from the point of view of being present in Atlanta for the worst England capitulation since the fall of Singapore (February 1942, some 80,000 British Empire forces under …
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By Paul Sankey
Published on September 4, 2025 at 2:09 PM
This evening 4pm, Frank Kelly on Happy Hour. Please join PREMIUM access. AI feeding frenzy in Washington DC – Frank has never seen anything like it and will explain; this is his top-of-mind issue “Nobody knows anything about energy” – warms our hearts, dear readers Trump vs Big Beautiful Bill TWO – you heard it here first, Frank can explain Ukraine & Melania vs Trump + Putin, latest Tweets, Melania winning? China, Russia, North Korea …
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