Very interesting. Liquidity is a mystery to me as it seems there are a number of different definitions; bitcoin as an overall liquidity gauge is a useful idea.
that certainly is a fast falling knife to catch, but I think the thesis is sound. I, too, like commodities and producers and am ultimately negative bonds, although much of that depends on the Fed's short term commentary. Powell's pivot seems more and more like the outlier, not the new direction. but if that is what we hear again at the end of the month, I suspect that a risk rally will be back
How do you square going long tesla? Way I see it, either they dilute to keep him, or he leaves and starts a robot ai company. Either way tesla is worth alot less than today.
Very interesting. Liquidity is a mystery to me as it seems there are a number of different definitions; bitcoin as an overall liquidity gauge is a useful idea.
that certainly is a fast falling knife to catch, but I think the thesis is sound. I, too, like commodities and producers and am ultimately negative bonds, although much of that depends on the Fed's short term commentary. Powell's pivot seems more and more like the outlier, not the new direction. but if that is what we hear again at the end of the month, I suspect that a risk rally will be back
Thank you for the insights 🙏
great writeup per usual -- happy to have found your writing.
quick question: any reason you are not long the commodity itself and rather opt for just the oil majors? is it a dividend/carry consideration?
yes exactly
What robotics plays do folks like?
Would love to know which commodities you like right now.
Apologies if I don't state single name equities in investment section for compliance reasons
How do you square going long tesla? Way I see it, either they dilute to keep him, or he leaves and starts a robot ai company. Either way tesla is worth alot less than today.
Thank you for your thoughts; I count you among a small number of voices to heed, for the balanced and detailed decision trees you explain and walk