iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,035 Blog Posts

ROTATION: INVESTOORS FLOOD BACK INTO COMMODITIES

It seems investors have once again concluded tech stocks aren’t worth the headache and have opted for commodities. Perhaps tomorrow they’ll conclude the economy is so soft that demand destruction will also destroy commodities!

One thing is certain: growth is slowing in tech, but perhaps not so much in commodities. If you’re bullish and have a hankering for growth, wouldn’t you be better off long commodities instead of BNPL stocks? What we need here is a buyers strike against tech and for commodity stocks to jimmy back to new record highs.

Why do we need this to happen?

I’m not sure to be honest. I’m 100% cash and have no real skin in the game. However, I’m fairly convinced that supply will be FUCKED because Russia has all of the commodities and they’re hoarding them like greedy little goblins. The west will want those commodities, but they won’t be able to get them because they’re too busy trying to KILL Russians. Therefore, prices for said items will remain ELEVATED for the foreseeable future.

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4 comments

  1. juice

    Sanctions working like a charm … for Russia, that is.

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  2. donnie wads

    Scalped 140 bps.

    Short the close?

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  3. soupbone

    People in commodities will make money but not for long.

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  4. roguewave

    supply destruction is still outpacing demand destruction by a significant margin

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