The Market Huddle
Drinkin’ The Kuppy Kool Aid (guest: Chris MacIntosh)
Nov 4, 2023
Chris MacIntosh, Founder of Capitalist Exploits, joins Harris and Patrick on this episode. They cover a range of interesting topics including bonds, rates, the economy, shippers, offshore oil, and Uranium. They also discuss the divergent performance of container and tanker shippers in the shipping industry and share their favorite investment books. Additionally, they talk about trades that align with Don Cox's approval, finding mentors, weak PMIs, and the impact of jobs numbers on the market. Finally, they wrap up the episode with travel plans and thank the listeners.
01:16:21
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Quick takeaways
- The challenges in the energy and offshore industry include shortage of resources, political uncertainty, and higher costs of capital, leading to limited supply but potential cash flow.
- Coal and gold are seen as attractive investment opportunities due to the demand for coal in countries like India and China, and the safe-haven status of gold in times of potential economic issues.
Deep dives
Jobs numbers fuel market higher
The weak jobs numbers released today fueled a market rally, as investors believe it will keep the Fed in pause mode and alleviate pressure on the markets.
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