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Trading with The Fly

Dr. Fly
Indeud

Only War is Priced in Today

Dr. Fly Mon Aug 12, 2024 2:09pm EST 1 Comment

There are rallies in very specific areas of the market today:

Tankers
Dry Bulk
Oil Drillers
LNG
Uranium
Aluminum
Defense

But the moves are dispassionate and the entry of semis into the mix makes it convoluted. I am presently hedged with $TZA crossed against a fully long portfolio, off by 15bps. I am not bullish or bearish, simply looking at this slow tape and waiting for the next move.

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One comment

  1. soupbone
    soupbone
    August 12, 2024 at 3:42 pm

    Can we live without a smart phone? I drive an antique computer, near-antique cars. I don’t require AI in the least. I am all into electricty generation, energy transmission, and oil and gas. Uranium is too touchy.

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