This was widely rumored during the war, but has now been publicly confirmed:
Qatar struck a deal with Iran, shutting down gas production, in exchange for an agreement that Iran would refrain from further strikes on Ras Laffan. https://t.co/Ccb7dYdkBY
SK HYNIX PICKS NASDAQ TO RIDE AI BOOM
South Korea’s SK Hynix plans to list in the U.S. on Nasdaq as early as August, targeting AI-driven investor demand. The memory-chip giant, a key Nvidia supplier, has seen its shares surge 230% this year, pushing its value above $1 trillion. The listing aims to expand its global investor base, with analysts noting Nasdaq’s strong technology focus and higher growth valuations.
Forecasts of the return of El Nino, the recurrent Pacific weather pattern known for bringing drought and wildfires to swaths of South and Southeast Asia and Australia, are hardening by the day
https://t.co/UPdFehUNbn
@MacrostratPB It's okay if you use sofr futures or options on futures? I guess my question is if you think there is higher chance of bear steepening because of mixed messaging at the fed Vs bear flattening from fed turning hawkish
@MacrostratPB Why do you prefer long end Vs paying short end or even doing a conditional bear flattener? You see more scenarios of making money from the terminal premium angle?
Macro substack has a tell: pages after pages of economic theory, historical indicator charts, what Fed should/shouldn't do and very few trade ideas.
If a thesis needs ten charts to land, the guy is probably not trading it. He is just trying to sound like an intellectual.
The best edges are simple to explain. The hard part is sizing and timing.
China’s Yangtze Memory will submit its IPO application in China next month now that its expansion into DRAM has been greenlit by Beijing amid the Memory Supercycle, media report, adding its new Wuhan Fab (Phase 3) dedicated to LPDDR DRAM will be ready for production by end-2026. The listing is expected either on the Shanghai Star Market or in Hong Kong, valuation RMB 160 billion to 300 billion (US$23.6B to $44.2B). YMTC currently competes in the NAND Flash memory market. $SSNLF $HXSCL $MU $SNDK #Kioxia https://t.co/g1uCUkjcqY
@VKMacro They're probably just gonna increase domestic equity allocation to 25% or smth; problem with hedging is the statistics which doesn't support a structural break in correlation between usdkrw and risk assets
On some of the oil guys - I think rather than blaming mkt, introspection is good
I certainly am doing that, because ultimately everyone knows the maths, the vessel crossing, production losses. Not of that is adding value at this point.