The answer is no.
But in the interim, we are seeing stocks like CF, IPI, BTU knife the fuck lower on this idea of peace. Interestingly, we are also seeing defense contractors get bogged the fuck out thanks to hot money morons shifting out of LMT, NOC and back into shit like AREB and SONN.
The commodity trade will be with us for a long time. But like anything else, it will take time to mature and grow into deserved valuations. At the onset of the war — traders shot first asked questions later, diving head first into commodity stocks without thinking. Now that we feel a sense of normalcy, only because our cities aren’t being bombed, the knee-jerk reaction is to go back to old habits. But this is wrong and I will show you why.
PUTIN SAYS: THE PROBLEMS OF THE WEST WILL ONLY INCREASE || SAYS THE WHOLE PLANET IS PAYING FOR THE AMBITIONS OF THE WEST || SAYS MYTH OF WESTERN WELLBEING IS CRUMBLING
RUSSIA’S PUTIN SAYS WEST HAS ENGAGED IN UNPRECEDENTED INFORMATION CAMPAIGN AGAINST RUSSIA
Putin says West’s sanctions ‘blitzkrieg’ against Russia has failed
PUTIN SAYS: THE WEST’S ATTEMPT TO HAVE GLOBAL DOMINANCE IS COMING TO AN END
PUTIN: UKRAINE, BACKED BY WESTERN FORCES, PLANNED AGGRESSION ON RUSSIA.
PUTIN: WON’T LET UKRAINE BECOME BASE FOR ATTACKS ON RUSSIA PUTIN SAYS: WEST IS PUSHING UKRAINE TO CONTINUE THE BLOODSHED BY SUPPLYING ARMS
PUTIN SAYS: THE WHOLE PLANET IS PAYING FOR THE AMBITIONS OF THE WEST
RUSSIA’S PUTIN SAYS WESTERN ACTIONS SHOWED GOLD AND FOREX RESERVES CAN BE JUST STOLEN
PUTIN SAYS: WE ARE FIGHTING FOR THE SOVEREIGNTY OF RUSSIA, FOR THE FUTURE OF OUR CHILDREN
Like it or not, your government is already at war with Russia. The commodity/war trade has only just begun.
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“You can’t handle the truth”
I took some gains on commodities last week as they were clearly too overheated. I bought back in today. JPow’s told Congress a .25 rate hike was needed, I don’t think he’ll go higher without projecting it in advance, and .25 isn’t going to do anything to reign in inflation.