R. Patrick Kent (RPK)

Portfolio Manager, Hedgeye Asset Management | Co-Founder & Pres, Biophysical Economics Inst | 25+ years Investment Experience | CFA, CMT | Bass Player & BJJ

[R. Patrick Kent (RPK) @RPKInvestor]

I've worked on the Sell Side, Buy Side and Hedge Funds in my career and I can say one thing for certain: everyone thinks everyone else is an idiot. 😂

[Rory Johnston @Rory_Johnston]

2026 oil market in a nutshell

[R. Patrick Kent (RPK) @RPKInvestor]

@HedgeyeComm Starting?!

[R. Patrick Kent (RPK) @RPKInvestor]

@HedgeyeENERGY Offshore, baby

[R. Patrick Kent (RPK) @RPKInvestor]

Recording a "Protect the Pile" podcast in a bit with @Hedgeye_HGRO and @HedgeyeTech -- let me know if you have questions.

[R. Patrick Kent (RPK) @RPKInvestor]

Energy as a % of GDP is at ~7.5% (per @MacrostrategyP) Once you understand that GDP is effectively all described by energy use, you'll realize why this will be a strain in the coming months. (I believe over 8% we have typically seen a significant global growth slowdown.) @HedgeyeDJ

[R. Patrick Kent (RPK) @RPKInvestor]

@lighthousejerry Just wait. You can clock with an egg timer how long it will be before your local municipality has its accounts emptied and sent through a stable coin to a foreign actor.

[R. Patrick Kent (RPK) @RPKInvestor]

@mablum @HoweGeneration book can’t come out fast enough

[R. Patrick Kent (RPK) @RPKInvestor]

@MebFaber

[R. Patrick Kent (RPK) @RPKInvestor]

Morning! Game 203 in the 2026 season. Never a dull day.

[Keith McCullough @KeithMcCullough]

Top of the risk mgt morn

[R. Patrick Kent (RPK) @RPKInvestor]

@shepleygreen TLDR they became a branding tool for corporations because the categories are too broad, in some cases mutually exclusive or redundant, and so poorly delineated they can be stretched to cover almost everything.

[R. Patrick Kent (RPK) @RPKInvestor]

We’ll be posting this again next week too.

[R. Patrick Kent (RPK) @RPKInvestor]

Buy Treasury bond, repo it, short future against it, buy more bonds, repeat ad infinitum... or at least until you are levered 30:1. All works great unless repo rates jump. See 2020-2021 for examples of this.

[Hedgeye @Hedgeye]

Wow.

This is not nothing.

[R. Patrick Kent (RPK) @RPKInvestor]

@DaglioDavid Also, the publicly traded stuff is pretty seasoned because of the adverse selection in direct lending.

[R. Patrick Kent (RPK) @RPKInvestor]

Need these to change direction...

[R. Patrick Kent (RPK) @RPKInvestor]

Morning! Game 202 in the 2026 season. Less than 50 sessions to go.

[Keith McCullough @KeithMcCullough]

Top of the risk mgt morn

[R. Patrick Kent (RPK) @RPKInvestor]

"Source: Al-Araby Al-Jadeed" You'll have to forgive me if I say...

[*Walter Bloomberg @DeItaone]

U.S. AND IRAN REPORTEDLY BACK NEW DIPLOMATIC PROPOSAL

Qatar and Pakistan have reportedly presented a compromise proposal with preliminary U.S. and Iranian approval, according to informed sources.

The plan reportedly includes confidential IAEA inspections of Iranian nuclear sites and a partial concession involving $6 billion in Iranian funds frozen in Qatar.

Source: Al-Araby Al-Jadeed, citing informed sources — October 20, 2026

[Keith McCullough @KeithMcCullough]

LIVE 11AM today

HAM For Lunch | Where We See Opportunity and Risk in Today's Markets https://t.co/vZ59S0YW2g via @hedgeye

[R. Patrick Kent (RPK) @RPKInvestor]

@lighthousejerry @Greenbackd Repeat after me: "over earning"

[Keith McCullough @KeithMcCullough]

Tomorrow (free lunch)

HAM For Lunch | Where We See Opportunity and Risk in Today's Markets https://t.co/vZ59S0YocI via @hedgeye