Stocks Mentioned: Cheniere Energy (LNG), Kinross Gold (KGC), CF Industries Holdings (CF), Lennar Corporation (LEN), Global Ship Lease (GSL), Zim Integrated Shipping (ZIM)
For ongoing coverage, follow me on my Telegram page
October 03 2022
Stopped out of the LNG short.
October 04 2022
Gold appears to be turning. Kinross Gold (KGC) has broken out from its base and looks the strongest technically. I'm not looking to buy any breakouts (or short any breakdowns) in this wild market. As with BW LPG and Avance Gas, I'm just putting this out in case these fit your trade parameters.
October 06 2022
Fed pivot is not likely unless conditions deteriorate enough to warrant it. The short positions on LNG, CF and LEN got stopped out. The market is choppy and it's best to just let things settle and not get whipsawed. There will be better trading opportunities ahead. Patience.
October 07 2022
Today's historic low unemployment numbers put paid to any notion of an early Fed pivot. 75 bps in Nov and 50 bps in Dec seem to be baked in the cake. Fed Funds futures are pricing in 4.6% by 2023. As for oil, I don't buy the argument that energy can climb higher during a global recession.
October 08 2022