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Feb 16
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LONG
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Joumanna Bercetche
Anchor, Bloomberg
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There has been a "record ramp up in industrial metals." Major miners like BHP are reporting earnings this week against a backdrop of surging metal prices. LONG miners heading into earnings due to favorable commodity pricing. Disappointing guidance on production costs or demand from China (which is closed for Lunar New Year). |
Bloomberg Markets
Rubio Warns Europe & Warner Bros. Mulls New P...
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Feb 13
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WATCH
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Heidi
Guest / Analyst
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Reports indicate "metal tariffs are going to come in." The speaker expects a "very bumpy ride" regarding tariff implementation, despite potential exemptions for countries like India. The reintroduction or adjustment of metal tariffs introduces input cost uncertainty and volatility for the metals market. While the long-term view is that tariffs may come down, the immediate path involves repricing risk. Watch the sector for entry points once tariff policies stabilize; avoid taking large directional bets during the initial "bumpy" implementation phase. Tariffs could be higher or more permanent than expected, spiking prices and hurting demand. |
Bloomberg Markets
Oil Companies in ‘Active’ Talks Over Recoupin...
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Feb 13
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SHORT
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Vonnie Quinn
Anchor, Bloomberg
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President Trump is planning to narrow the scope/roll back the 50% tariffs on aluminum and steel to address cost of living. The removal of protectionist tariffs increases foreign supply in the US market, forcing domestic prices down (Aluminum and Steel prices already dropping in response). Short domestic metals producers as pricing power erodes. The report could be false, or the rollback might be smaller than expected. |
Bloomberg Markets
Trump Team Plans Metals Tariff Rollback; NASA...
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Feb 12
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LONG
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Julian Emanuel
Evercore ISI
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Emanuel states that sectors "least likely to be disrupted" by AI are outperforming, specifically naming Metals/Mining, Agriculture, and Consumer Staples. Investors are suffering from "AI Anxiety" regarding white-collar industries (Software, Financials). They are rotating capital into physical industries that AI cannot automate away. This is a "hide from disruption" trade. LONG physical/defensive sectors as a hedge against AI displacement fears. If the "soft landing" narrative strengthens without AI fear, defensive sectors may underperform high-beta growth. |
Bloomberg Markets
Bloomberg Surveillance 2/12/2026
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Feb 12
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LONG
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Andrew Janes
Energy and Commodities Editor, Bloomberg
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Indonesia is cutting its nickel production quota for the year from ~42 million tons down to 12 million tons. Indonesia accounts for two-thirds of global production. This is a massive, state-directed supply shock designed to squeeze the market. A ~70% reduction in approved quota from the dominant global supplier mathematically forces prices higher to clear demand. LONG Nickel futures or miners with exposure outside of Indonesia (or those with secured quotas). Indonesia reverses policy mid-year or demand for EVs/batteries collapses further. |
Bloomberg Markets
China's Zhipu Jolts AI Race as 'Scare Trade' ...
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Feb 11
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LONG
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Lombard Odier has "upgraded our outlook for 2026 in terms of global growth." Better global growth explicitly "bodes well" for cyclical sectors. The speaker states "materials is one sector that we really like" and notes that "metals are playing a very important role" in this environment. LONG. Global growth failing to materialize; commodity price volatility. |
Bloomberg Markets
Software Selloff Is a Chance to Increase Expo...
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Feb 05
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AVOID
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Haseeb Qureshi
Managing Partner at Dragonfly
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Haseeb observes that metals had a "blowoff top" and are now "trading like meme stocks," exhibiting extreme volatility (up to highs, then pulling all the way back). Gold is typically a safe-haven asset. When it begins trading with meme-stock volatility, it loses its utility as a stabilizer in a portfolio. The "blowoff top" technical pattern suggests a period of distribution and downward consolidation is likely. Step aside until volatility dampens; the asset class is currently behaving irrationally. Geopolitical shocks could force a bid regardless of technical structure. |
Unchained (Chopping Block)
Epstein's Crypto Ties Revealed + Why Everyone...
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