1. Value, commodities, emerging markets

    CCR (CONSOL Coal Resources LP)

    Greenlight Capital holds a ton of this. Div. yield > 34%.

    MOS

    https://seekingalpha.com/article/4379722-mosaic-room-to-run-on-back-of-wheat-prices

    The thesis is that with wheat prices on a roll, fertilizer is going to be in increased demand. Sounds plausible. Energy is an input into nitrogenous fertilizers, and that …

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  2. Markets Catching up with Reality?

    Open

    Markets seem risk off.
    The FT says this is because the reality of a second lockdown is dawning on them. Presumably, Mnuchin and Kudlow will be wheeled out onto CNBC to say everything in the garden is loveley.

    I missed this when it was posted, but it’s as …

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  3. Unhedged, but not unhinged

    Today

    Today seemed very mixed. No clear direction. The market generally is all over the shop lately. I think that the bond guys are generally smarter than the equity ones. The slope of the yield curve is a pretty good indicator of whether or not we’re heading down the …

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  4. Natural Gas and other disappointments

    Published: Tue 13 October 2020
    Updated: Tue 22 November 2022
    By steve

    In markets.

    tags: journal

    Yesterday

    The NDX is going parabolic again. It’s hard to know why, but a big factor must be $AAPL’s reveal of its 5G phones. Apple is an extraordinary company. It is an object lesson in how good investor relations and marketing generally, and massive share buybacks, can totally …

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  5. New Week

    Market Open

    Nothing much happens on a Monday morning, normally. Today saw some movement in commodities, mainly, with other assets largely quiet. Precious metals were up (except Platinum), agricultural commodities too, and NG. Oil was down. The FT had a chart for this year so far showing oil price (pretty …

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  6. Dexamethasone Delirium

    Tweeting Trouble

    Trump is trying to row back his threat to abandon talks on stimulus measures with the Dem-controlled Congress. Markets went up. As always.

    Kamala Harris & Mike Pence had a dull debate. The polls seem to think that Trump is doomed. I wouldn’t write off the brute yet …

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  7. Trump neither better nor worse

    Published: Sun 04 October 2020
    Updated: Tue 22 November 2022
    By steve

    In markets.

    tags: journal

    Covid and Trump and the US Presidential Election

    The news has been totally dominated by these events. Real market forces seem not to matter.

    I listened to Kuppy on The Market Huddle. He was waxing lyrical about $JOE (St. Joe Company). This is a small cap stock that has done …

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