EP97: Peace Sells, We Are Buying

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DOWNLOAD a pdf of a lightly edited transcript using the blue Download button below. There is no power point slide deck this week.

For the past month we have been recording these videos several days in advance of publication and repeating the line that we hope peace will have been declared and the Strait reopened by the time of Saturday publication. Today the message is different. We are recording this late morning New York time on Thursday, April 9. A fragile ceasefire is sort of still in place and there is optimism that shipping volumes in and out of the Strait of Hormuz is on track to revert to something much higher than where we’ve been. It will of course take some time to get back to fully normal pre-War flows.

We were originally planning a longer discussion with a power point on evolving our Super Vol theme to more explicitly call it Geopolitical Super Vol, and we will touch upon that in this video podcast. But given the dramatic ceasefire news and major equity and commodity market moves, we will instead address nine questions and takeaways that we see from this crisis.

* What is your most important takeaway following the ceasefire?

* In the short-term, will oil prices revert to pre-War levels?

* What about oil prices over the medium-to-longer-term?

* How was such a sizable shock not even worse in terms of impacts?

* What is your takeaway for US consumers?

* Where could we be better?

* What about Canada?

* Why are we sticking with Super Vol as our price framework?

* So where do you come out on investment opportunities in both traditional and new energies?

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📜 Credits

* Intro & Outro music: Wolf Hoffman: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.

* This episode of Super-Spiked Videopods was edited and produced by Veriten Productions.

⚖️Disclaimer

I certify that these are my personal, strongly held views at the time of this post. My views are my own and not attributable to any affiliation, past or present. This is not an investment newsletter and there is no financial advice explicitly or implicitly provided here. My views can and will change in the future as warranted by updated analyses and developments. Some of my comments are made in jest for entertainment purposes; I sincerely mean no offense to anyone that takes issue.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit arjunmurti.substack.com