Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
After a grueling couple months of work travel, we are all finally back in the saddle in PR. Last we left you, we were talking about how the FED and bonds were fuct and EMs were likely the recipients of a flip in fund flows. Two weeks don’t make a trend but that sure seemed timely as TLT continues to roll on the back of made-up NFP numbers, while EMs (i.e. China) went bid on the back of Xi’s bazooka.
You all know we remain commodity bulls and have beaten a dead horse on gold since we got interested in it again in Q3 of 2023. As the world enters chaos with DMs becoming EMs, gold should remain relatively bid. And with silver finally waking up, its worth moving through the family tree over to PGMs as well, especially after…
Click below to see where those Funds will flow to next and were KEDM will be kicking tires…
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Cluster Insider Buy Monitor: Insiders bought again at Sportsman’s Warehouse Holdings, Inc. (SPWH). The new CEO (as of September 2023) who came from Hertz Global Holdings, has bought ~$176K within the past couple of months. The CFO bought $23K worth. A director bought $51K worth. The Company recently secured a $45 million term loan. Cannell Capital (owns ~9%) was active in the name throughout 2023. In April of 2024, the company announced a new strategic “Go Forward Plan”.
Buyback Monitor: Meanwhile BABA continued to buy the lows in the recent Q, purchasing a whopping $4B.1 (2% of SO) and is up to $17.6B in the TTM.
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Friends of KEDM
- As China is being under the radar, Jack Farley‘s interview with Lyn Alden could not been more timely – On China’s Real Estate Implosion & Stock Market Rally.
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Commodity veteran Goehring & Rozencwajg commonted on Trump’s drilling plan if he is re-elected, commenting “Well, the rock beneath us have its own way of dictating their own terms“.
- Our good friends Kevin Muir and Patrick Ceresna hosted 3Fourteen Research founder Warren Pies for You Can’t Model Inflation show.
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!