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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Morning Grumpy

By Paul Sankey Published on December 21, 2020 at 9:25 AM

Just as we highlighted yesterday that the oils are stretched on valuation, we get a couple of face slaps this morning. We are sticking with our call for $35/bbl Brent in Q1 on a major dollar rally. See our oils overvalued story here: https://www.sankeyresearch.com/2020/12/20/sunday-sankey-12-20-20/ And we have a couple of classics today: Don’t expect analysts to love a deal announced during Christmas week, but Diamondback $FANG has announced a deal to take over QEP. Diamondback […]

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Morning No EPS note

By Paul Sankey Published on October 29, 2020 at 7:51 AM

SHANGHAI, Oct 29 (Reuters) – China’s major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying to rein in the sharply appreciating currency. Those operations in the onshore currency swap market have caused the value of the yuan to fall in the forwards market, tamping expectations that it will appreciate further and simultaneously making it more expensive for investors to borrow yuan. Two other […]

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