1. Rates are telling us something that equities aren’t

    Published: Sat 23 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    The CBOT Interest Rate Vol Index is climbing again, as the VIX is crushed. Eurodollar futures have been moving down steadily. Admittedly, this index gave some false signals in March, spiking to 86 and then falling, but if it continues to rise, it will be … interesting.

    $EPSN

    No, not $ESPN! This is Epsilon Energy. Strong cashflow …

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  2. A walk back in time

    Published: Thu 21 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    21 Oct

    The frustrations of trading

    Money is made by anticipating future events before other market participants. This is not easy: the consensus is usually fairly accurate.

    Stock of the day: Destination XL Group ($DXLG)

    This was recommended by The Alpha Letter. Neither the author nor I are financial advisers …

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  3. Crypto update

    Published: Wed 20 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Stock of the day

    $TRUP:NMQ. Medical insurance for pets. I think it’s mad, but it may be lucrative. Do your own research, but its cashflow turned very positive last year, admittedly mainly through financing.

    Wrap

    Markets just haven’t had any clear direction recently. Equities, which have been …

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  4. Finding the guilty ones

    Published: Sat 16 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Stock of the day: Jubilee Metals Group ($JUB:TSE)

    Used to be Jubilee Platinium, mines all sorts of minerals. Small cap (~CAD 500MM), strong cash flow, rapid recent growth in earnings, P/E still < 12, low debt, no large exceptional items. Based in London, traded on the TSX Venture exchange …

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  5. Whitecap Resources, with a strong green tinge

    Published: Fri 15 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    Stock of the day: Whitecap Resources, a Canadian carbon-capture play

    This article makes the bull case for $WCP:TOR It’s an oil company that’s carbon negative, because it can store CO~2~ in so-called carbon-capture underground storage (CCUS). I’m not sold on CCUS, but I think all …

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  6. Time to excel

    Published: Thu 14 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    • trading

    14 Oct 2021

    Market cycle psychology

    I used to subscribe to Bill Fleckenstein’s daily post. It was interesting, but Bill suffers from being a perpetual bear, waiting for the Japan panic of 1992 to occur again in equity markets. To be fair, Bill says that you can’t …

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  7. The Landlords’ Game

    Published: Wed 13 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    13 October

    Short squeezes explained

    This is an excellent piece on why short squeezes happen. Basically, it’s that when a stock has been battered down, shorting it has limited upside and unlimited downside. Ultimately, this is due to the optionality embedded in a share price. When you buy a …

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  8. Hayekian Triangle

    Published: Mon 11 October 2021
    Updated: Tue 22 November 2022
    By steve

    In Markets.

    11 Oct

    Apologies for the interruption in service. I’ve been away. Normal service will now be resumed.

    We are discovering how inelastic demand for energy is

    “The very same voices who argued that investment in gas supply has to stop as a climate policy tool now declare that it …

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