Morning Sankey 5/13/21

By Paul Sankey Published on May 13, 2021 at 8:53 AM

In the famous TINA market – There Is No Alternative – the question for those who did not get destroyed on “YOLO” calls based on “stonks always go up” – is where to head to if tech is melting down, and cryptocurrencies are airdropping. Cash is likely a short-term move, but a terrible medium and long-term option. You hide in a rising yield on the T Bill, but that too feels like a very poor […]

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Morning Sankey 5/4/21

By Paul Sankey Published on May 4, 2021 at 8:41 AM

As we hoped, oils’ results are going great. The sector is powering higher, with the overall steady outperformance grind that has resumed in value over growth. The oil price for Q2 is tracking well ahead of these results, further boosting the EPS upgrade cycle. Huge result from Suncor; great commentary on cash return from COP, a surprise beat from Marathon Petroleum with major disposal and buyback coming… good results from head-to-head rivals Diamondback and Aramco, […]

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Morning Sankey 4/13/21

By Paul Sankey Published on April 13, 2021 at 9:05 AM

It seems pretty blatantly obvious that Putin is going to invade east Ukraine and join Russian rebel-held territory (see map in Sunday Sankey). He did it with Crimea. Not really a lot you can do, shall we ask Ukraine expert Hunter Biden for his take? There will be a domino effect, because the next question becomes what do you do if China invades Taiwan, given troop build-ups are as big in naval terms in the […]

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