top of page

Pentagon approaching automakers / Physical oil pricing easing / QQQ, SPX500 ATH's / Real assets, copper on a tear

  • sc0172
  • 2 days ago
  • 4 min read

  • Iran war update : .... U.S. and Iran inch toward framework deal to end war (a lot of positive priced into this scenario by markets) >>> JBlas / Tentative signs -- with a lot of emphasis on tentative-- of easing in the European physical oil market. Dated Brent is falling below $120, and lots of offer today on the key trading window (compared to overwhelming bids in recent days). Physical premia also dropping a bit

  • Since 1928, this is the first time the S&P has made new all-time highs in 11 days or fewer after falling 5-10%...if you thought last 2weeks were pretty unique! they were..

  • Markets : The Warren Buffett overpriced market indicator just reached highest level in 75 years. Blowing past the Covid shutdown and the Dot-Com bubble >>> so SPX500 is above pre war levels, Strait of Hormuz is still pretty much closed, global supply chains all over the place, WTI still near $100 or higher (physical), inflation hit 3y highs, and Mr Market (huge CTA move) has decided that none of this matters, thanks to Ai, U.S tax refunds returning (big).. and FED adding liquidities, the energy 'shock' and shortages are yet to come through in short-term >>> Europe, China, HK Eq markets have room to catch up, PM's (PALL too) still way off end of Feb highs, JPY should do better/have an excuse to rally in short-term with lower crude prices, REAL assets again, copper been on a tear again

  • Oil prices set to explode, clear risk - America can't fill the Gulf shortfall / Thread

  • US Treasury Secretary Scott Bessent said China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports ‌of some goods, mirroring its actions with medical goods during the COVID-19 pandemic >>> well so it maybe, but hang on.., this is in the context of the US causing the disruption.. , so it's more like a pyromaniac lecturing someone for buying too many fire extinguishers during a fire they started..

  • Uber commits $10bn to robotaxis in strategy shift (Balance sheet anxiety is real!!..)

  • IMF: Interest payments have risen sharply to nearly 3% of GDP in 2025 (2% in 2023), IMF's Managing Director Georgieva: There are shortages of oil and gas, naptha, helium and other products in Asia

  • #XAGUSD The global silver market is expected to remain in a deficit for a sixth consecutive year amid robust demand for bars and coins, and declining supplies, according to the Silver Institute

  • Pentagon approaches GM, Ford and other large auto manufacturers to discuss shifting from auto development to weapons and military supply production!








Very good recap




Quite the irony that the US now flat out refuses capitalism's basic rule of letting the best products win?..



Have said it long while back, it does make sense for UK...don't rejoin, keep negotiating it's ok...















 
 
 

Comments

bottom of page