By Paul Sankey
Published on September 12, 2021 at 12:25 PM
In this note, natgas hedging exposure (oops) and a China focus. My S&P500 sentiment Twitter survey yielded a result that is spectacularly unhelpful, lol. Pretty much 50:50 bullish/bearish. All I can say is that it seems I got the categories right, given an almost exact balance between the four choices. One observation made by a major market maker to me this past Friday was that the market absorbed a ton of paper last week, between […]
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By Paul Sankey
Published on July 27, 2021 at 9:09 AM
China: no Totalitarian regime has ever survived long term, much less thrived. Ex-China, just about the one remaining global totalitarian state is North Korea, which is maintained by China as a buffer. It stands in contrast to South Korea as a testimony to totalitarianism vs democracy. North Korean GDP per capita is $1,300, vs South Korea at $31,000. So the question is, when will China collapse on itself? Certainly, its demography is weak, and we […]
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By Paul Sankey
Published on May 14, 2021 at 8:28 AM
“Darling I think the new clothes drier is shrinking my clothes.” “No honey, that is caused by the fridge.” On the other side: “Does this outfit make me look fat?” “No your fat makes you look fat.” Don’t spell part backwards. It’s a trap. Our tortoise was falling in love, but now he’s only falling apart. There’s nothing I can do, it’s a turtle eclipse of the heart. Yesterday it felt like the market confirmed […]
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