A lot of people seemed to like this format, so I figured I would stick with it. I talked a bit about some of my thoughts on the inverted yield curve, interest rates, and recession. I also talked about oil and geopolitical risk, recent events in the coal sector, and current political events. For paid subscribers, I also talked about recent trades and Navios Maritime Partners $NMM .
Summary
* Some rough thoughts on a recession, rate cuts, and the inverted yield curve.
* Oil - On top of the events I discussed in Sunday’s post, I talked about Libya shutting down production and exports and Russia hitting energy grid targets in Ukraine. I also took a look at the oil to gold ratio, and compared prices today to where we were 10 or 15 years ago, adjusted for inflation.
* Coal - M&A activity, Peabody Energy $BTU activism, and Yancoal dividends.
* Politics - I had a quick rant on the Unrealized Capital Gains Proposal, the state of Europe (particularly Britain and France), free speech, and RFK endorsing Trump.
* I also did a quick portfolio update on Navios Maritime Partners, and recent trading activity for paid subscribers below.
Portfolio Weights