By Paul Sankey
Published on May 15, 2025 at 10:34 AM
Good news, Torsten Slok replied to my confirmation email this morning as he always does: almost immediately, politely with good humour, extremely concisely. That is like his work. He told me when he joined Apollo they had no requirement for him to publish research, but he wanted to keep publishing regularly “because my hamster wheel runs a little faster than that”. When you hear the speed he delivers this thoughts, it makes perfect sense. Register …
Read More
By Paul Sankey
Published on May 14, 2025 at 10:00 AM
Tomorrow Happy Hour we welcome back one of the hottest Strategists on Wall Street, Torsten Slok! Zoom 4pm ET. He has been causing a sensation with his widely distributed macro work for private equity giant Apollo. One question I want to ask him: how many participants did you get on your immediately-post-“Liberation Day” strategy call? A lot. My guess: 20,000? Our own Happy Hour was brilliantly timed that same week, actually a day earlier post-Tariff …
Read More
By Paul Sankey
Published on May 13, 2025 at 11:10 AM
With President Donald Trump arriving in Saudi, it is a good time to comment on Aramco’s Q1 2025 results released yesterday. Source: NYT Politico, the Washington DC political news website, called me a few days ago to ask me “how come oil is not on the official agenda of Trump talks in Saudi?” The resulting article quoted me in support of the US oil & gas industry vs the potential damage of Trump’s low oil …
Read More
