Quinn Thompson

CIO @Lekker_Cap | Podcast @ForwardGuidance

[Quinn Thompson @qthomp]

We've scheduled our next market update call for subscribers on November 5th, post-midterms.

[Quinn Thompson @qthomp]

https://t.co/FF6fue256B

[Keith McCullough @KeithMcCullough]

Best part about developing Bear Market Bubbles popping: they bounce

[Forward Guidance @ForwardGuidance]

The Brent–WTI spread was $2–4 before the war. Now the US gets a $13–14 per barrel discount. @qthomp on why markets may be front-running a crude export ban.

[Quinn Thompson @qthomp]

This meeting is likely a bigger deal than anything the mainstream media has covered in the last weeks/months.

[BRICS News @BRICSinfo]

JUST IN: 🇷🇺🇮🇷 Russian President Putin meets with Iranian President Pezeshkian in Moscow.

[Quinn Thompson @qthomp]

Trump’s plea to Russia corroborates what we wrote a few months ago about the reflexivity of the ongoing wars and one of the reasons these conflicts never end.

“The ongoing geopolitical conflicts are reflexive. The US is not going to allow Iran to control the SoH. This front leads to higher commodity prices. Higher commodity prices support the Russian economy which supports their war efforts. By keeping commodity prices elevated, the longer Russia fights Ukraine, it helps Iran, and the longer Iran fights the US, it helps Russia.”

Give the report a read.

[Quinn Thompson @qthomp]

https://t.co/17VGl0A5fk

[Forward Guidance @ForwardGuidance]

Crypto's bottom won't be a V. @qthomp on why, with no liquidity, a real bottom can take many, many months.

[Forward Guidance @ForwardGuidance]

.@qthomp: "The only way out is through." Either much higher prices via escalation, or prices high enough to destroy demand.

[Forward Guidance @ForwardGuidance]

Front-month Brent: $112–113. March 2027: $101. @qthomp on the $12–13 roll yield he earns by being long oil futures.

[Quinn Thompson @qthomp]

Last night the Brewers posted the 4th highest scoring inning in world series history. They scored 8 runs via a walk, 4 singles and 3 doubles, all with 2 outs. The last time a 4-0 sweep happened in the World Series was 2012. Milwaukee takes their 3-0 series lead into game 4 tonight.

[Milwaukee Brewers @Brewers]

ALL 8 FIFTH-INNING RUNS IN ONE VIDEO

[Quinn Thompson @qthomp]

FOMC this week is a nothing burger but the weeks that follow are unlikely to be. There will be lots for the market to process and digest through mid-November. We discuss our expectations around the Fed, midterms and QRA in the note.

[Quinn Thompson @qthomp]

https://t.co/FF6fue256B

[Quinn Thompson @qthomp]

Wisconsinites ascend upon Florida today as the Brewers take their 2-0 series lead to Tampa. Milwaukee is putting together a historic season, setting a franchise record 103 regular season wins and carrying a 9-1 record in the postseason into tonight. Two more wins and they will bring home their first title in 57 years as a franchise. ⚾️🧢🍺

[Quinn Thompson @qthomp]

Milwaukee Brewers back to the World Series for the first time since 1982 🧀🧀🧀🍺🍺🍺🍻🍻🍻 #OnWisconsin

[Quinn Thompson @qthomp]

Milwaukee Brewers back to the World Series for the first time since 1982 🧀🧀🧀🍺🍺🍺🍻🍻🍻 #OnWisconsin

[Quinn Thompson @qthomp]

Oil is the best-performing sector year to date but BofA’s fund manager survey shows fundamental investors continue to reduce energy exposure while global allocators remain deeply underweight. The response I get to the bull case is some version of “Trump has it under control.”

[Quinn Thompson @qthomp]

https://t.co/FF6fue256B

[Quinn Thompson @qthomp]

New Scouting the Tape is out 👇

[Quinn Thompson @qthomp]

https://t.co/FF6fue256B

[Forward Guidance @ForwardGuidance]

If you missed this week's roundup with @fejau_inc and @qthomp, here it is in under 4 minutes.

[Quinn Thompson @qthomp]

https://t.co/FF6fue256B

[Aksel Kibar, CMT @TechCharts]

More #ENERGY #EQUITIES are making it to the upcoming report.

I don't want to be a chart book economist. So far charts are leading me to signals in the sector.

But who else is reading "We will not hit Iran" as "We will hit Iran"... Which politicians words can be taken at face value?

Stay tuned for the Global Equity Markets report >> https://t.co/V1T7ssQoS9

[Quinn Thompson @qthomp]

@Wild_Randomness make CLM - BNO, BZZ or BZH - for an even more realistic look

[Quinn Thompson @qthomp]

@ForwardGuidance h/t @HedgeyeDJ @HedgeyeENERGY
https://t.co/gTbWnExqUv

[Hedgeye Energy @HedgeyeENERGY]

Every barrel the U.S. has in storage, SPR included, now covers 70.9 days of demand.

April 2020: 139 days
October 2000, pre-shale: 76 days
Now: 70.9 days

The thinnest cushion since January 2001. We became the world's biggest oil producer and still have less cover than Y2K.

[Forward Guidance @ForwardGuidance]

The margin on refining crude into jet fuel is now bigger than the average cost of a barrel in ~20 of the last 24 years. @qthomp on the floor under oil.

[Forward Guidance @ForwardGuidance]

In past oil breakouts, hundreds of millions of SPR barrels capped prices. @qthomp: "That is gone."