By Paul Sankey
Published on February 21, 2021 at 10:39 AM
Enjoyed making the slides today, take a look. Slide 1: John Hopkins Professor expects US herd immunity by April. Remember how quickly SARS disappeared? Fingers crossed. This past week we have highlighted QuantumScape $QS the solid state battery play, and did so again Thursday, and we “found the short” as they say. The heated email from a client arrived in response with 10 minutes. “It’s a joke.” He was referring to valuation. But in this […]
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By Paul Sankey
Published on February 16, 2021 at 8:15 AM
Big growing move in Treasuries. Supports long oil and growth to value rotation. We always said that the Fed will not get inflation without oil inflation. The continuation of the theory was that the Fed/Treasury can control dollar printing, and buying US$. But what is the major factor over which they have zero control? Oil. And now natural gas. The point is that treasury rates are moving, quite aggressively by the standards. Charts at end […]
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By Paul Sankey
Published on December 31, 2020 at 9:41 AM
Duly noted: ExxonMobil confirms $20bn writedown with better upstream and chemicals earnings; refining still horrible. Smoke rising around Iran in the Middle East. Sabers are being rattled as the Trump Presidency reaches its final days. Clients should consider upside VIX exposure or other risk protection into the Iran situation and Georgia run-off that with as many as 3m votes already cast, may well swing Democrat to start 2021 off with a crazy first week for […]
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