Videos Of The Week
Comments On A Couple Holdings & A Couple Videos Worth Watching On The Big Picture
I’ll keep this short and sweet, but it’s been an interesting week. Calumet CLMT 0.00%↑ announced the DOE loan, popped on Thursday morning, and it has been a bloodbath since then. It doesn’t make a whole lot of sense to me, but I’m hoping I will be able to get a guest on to record a podcast on the company sooner rather than later. You had Trump doing his best stand up comedy routine at the Al Smith dinner, while Kamala had an interesting interview with Bret Baier, but I’m curious to see how the next month plays out with the election.
Phil Mickelson started tweeting about Sable Offshore SOC 0.00%↑, which is not a sentence I thought I would write at the start of this week. Apparently he owns some shares, but I had a couple people sending that to me this weekend. As a wise man said, now we just need Nancy Pelosi to get on board. Anyway, I think the next month is going to be interesting for Sable. This week, I have a couple videos worth watching for subscribers. They both focus on the big picture, with slightly different slants and areas of focus.
Hidden Forces w/ James Aitken
This was from a while back, but I try to get around to watching or listening to every episode of Hidden Forces. It’s worth becoming a premium subscriber in my opinion, but this episode in particular was one of my favorites. Aitken breaks down his thoughts on stocks, bonds, commodities, and what might happen with the upcoming election. He also talks about budget deficits, and how recent rate cuts might create problems in 2025. If you want to listen to someone break down the potential impact of the many crosscurrents in financial markets right now, you will find this one interesting.
Capital Cosm w/ Chris MacIntosh & Brad McFadden
If you want a video talking about all of the distortions in the market right now, you will enjoy this one. They talk about the valuations of the broader market, the undervaluation of different commodities, and how they are positioning their portfolio for what they think is coming. They prefer investing in real assets (or things that are tied to real assets), such as oil and gold. Basically, stuff that can’t be printed or stuff that hurts when you drop it on your foot.
They also discussed how many institutional investors are ignoring some of the stuff going on abroad right now. I honestly have no idea what will happen geopolitically between now and the end of 2025, but I think assuming Ukraine and the Middle East will blow over without things escalating in a way that could impact financial markets is short-sighted. Between that and the upcoming election, we could see a lot of changes sooner rather than later. If you’re interested in oil, gold, or commodities, you will like this video.