Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
Jumping in, last week we talked about why South America may finally have its bull market, after over a decade of persistent bear markets. This week, we want to break with past traditions and simply give you a bunch of charts—bearish charts. While we are bullish longer-term, we also recognize that timing is everything. Quite honestly, a lot of global equity markets look awful.
Everyone sorta accepts that tariffs are inflationary. Trade wars are inflationary. Changing the rules so that the little guy has a chance, is going to be inflationary. As will closing the border and deporting illegals, so that Americans can get a raise. Look at the chart of the 1970s inflation. We feel pretty confident that a repeat is coming…
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
13D Monitor: Activist Elliott took a sizable stake at Honeywell, and is looking to break up the conglomerate. As Aerospace bulls, we agree that they have a very good Aerospace business that is getting unfairly penalized by being under the same umbrella with their Industrial Automation segment. Will keep an eye on this one, as it probably makes it to our Spin Monitor soon.
Bankruptcy Monitor: Enviva’s (EVA) bankruptcy plan was approved by the bankruptcy court and existing equity is in line to receive 5% of the new co. David Bastian at Kingdom Capital has a good overview of the opportunity.
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Friends of KEDM
- Our friends Patrick and Kevin at the Market Huddle had Le Shrub at their podcast – Make Ambiguity Great Again.
Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!