Trading Diary #12
YTD Track Record
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From Previous Weeks
[Keep, May 2nd] You probably know that I’m bull on China as well. However, my exposure to the country is still small. I’m not sure about the timing, but we’re researching more before increasing the exposure. Considering that I don’t have any cash left, I’ll have to sell something to improve the Chinese exposure, so that requires being conservative for not screwing the compounding.
[Keep, May 2nd] I’m getting increasingly bull on Oil at the current prices. There is only a marginal sign of demand destruction, even though supply constraints have increased. We mentioned it in a Food for Thought edition, but releasing SPR inventory is stupid and non-sense. So instead, we proposed an alternative solution that would require support from the current administration. Unfortunately, our base case is that the current administration will let the market balance on demand destruction and, therefore, manufacturing job losses.
Bull, XLE @76.35 (+7.1%)
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