Morning Ideanomics

By Paul Sankey Published on January 12, 2021 at 8:37 AM

Client feedback to Sunday Sankey: 1) Did you see exactly what the stratospheric warming event was?  It’s a fast 100 degree warming…. All the way up there.  100 DEGREES… it’s bananas.  Happens once every couple years. 2) Check out this chart…. Nothing to see here.. just super high intraday correlation of TSLA and Bitcoin!  It’s insane.  TSLA should be $780 based on this… and XBT… well… See below for the chart. Inflation? A current boiling […]

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Sunday Sankey 1/10/21

By Paul Sankey Published on January 10, 2021 at 12:40 PM

Good morning, The first working week in January is always a crazy week for this analyst, and by Monday afternoon, having run five 1×1 fireside chats with five refining CEOs, I was already joking that I was ready for my year end vacation. Then, from nowhere, Saudi unilaterally cut production on Tuesday 5th January at the now-monthly OPEC+ meeting, the afternoon as we rounded out the conference with a 1×1 with Valero management that morning. […]

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Morning Hindsight is 2020

By Paul Sankey Published on December 31, 2020 at 9:41 AM

Duly noted: ExxonMobil confirms $20bn writedown with better upstream and chemicals earnings; refining still horrible. Smoke rising around Iran in the Middle East. Sabers are being rattled as the Trump Presidency reaches its final days. Clients should consider upside VIX exposure or other risk protection into the Iran situation and Georgia run-off that with as many as 3m votes already cast, may well swing Democrat to start 2021 off with a crazy first week for […]

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