Cleaning up the book
Alright, there is a lot to catch up on, so let’s dig in. With earnings out of the way, the market is solely focused on macro. Scott “I am the house” Bessent has lost control of the bond market and must have realized by now that no matter how many times the Fed hikes rates,…
March 08, 2026, Vol. 265
The admin of this site has disabled this download item page.
Strait of Hormuz
It increasingly looks like Trump convinced himself that killing the top hundred guys in Iran would somehow fix Iran. It did not. So now we appear to be moving to plan B: the classic Washington strategy of bombing things until they resemble a parking lot. There is just one small issue. Iran’s best negotiating chip…
February 15, 2026, Vol. 262
The admin of this site has disabled this download item page.
Offshore Is Getting Cheap…
We’re in Zurich and then Geneva, after a week in Oslo at the Pareto Energy Conference. It was crowded, but we haven’t seen this much emotional pain outside of a funeral. A look at the below chart will give you a sense of why everyone is so dour. Then again, if your book even sort…
September 15, 2024, Vol. 193
The admin of this site has disabled this download item page.