By Paul Sankey
Published on April 25, 2021 at 1:52 PM
Monster week of earnings ahead, a clash in the titanic battle of growth vs value. The forces of growth over-ran us values, but we started a fightback that saw several battles won since the terrible relative lows of August 2020. In Q1 this year, value began to rampage against growth. April has seen a growth fightback, with the US$ holding and US interest rates even rallying. I asked a market player if he was bullish […]
Read More
By Paul Sankey
Published on March 25, 2021 at 8:59 AM
As of writing about the Suez Canal yesterday, we were very early to show how the bulbous nose of the giant ship was buried in the shoreline. That went viral, along with the shape the ship drew on satnav maps before entering the canal. The former, the buried nose of massively heavy vessel wedged in the sand, seems to be a major problem, and there was feedback on my comment that “two dudes in hi-viz […]
Read More
By Paul Sankey
Published on March 14, 2021 at 12:50 PM
There’s only one major Central Bank that is tightening right now, and it is the Saudi Arabian Oil Ministry. ABS (Saudi Oil Minister Abdulaziz bin Salman) has become the Alan Greenspan of the world oil economy, and he is relishing it. Exactly as we expected, while the “ugly contest” amongst currencies has allowed the dollar to stabilize, the one lever over which the Fed has no control – oil – is not only rising rapidly […]
Read More
