Comment of the Day
Video commentary for September 20th 2022
A link to today's video commentary is posted in the Subscriber's Area.
Some of the topics discussed include: dystopian predictions gaining traction around the world but efforts are well underway to avoid them. The greatest pressure is being felt in currencies and bonds while equities are still under pressure. gold extends decline and bitcoin remains weak which signal tightening liquidity.
Truss Warns of Unpopular Policies as UK May Scrap Bonus Cap
This article from Bloomberg may be of interest to subscribers. Here is a section:
Truss has made a slew of expensive promises including a plan to freeze household bills that could reach 130 billion pounds ($148 billion), as well as a package to help businesses with their energy bills that could cost £40 billion. On top of that, she’s promised more than £30 billion in tax cuts. Asked how she can afford her plans, Truss told Channel 5: “The UK has one of the lowest levels of debt as a proportion of GDP of G7 nations so we are doing well on that metric.”
My view - Politicians made big promises about what the future would be like after Brexit. Then Liz Truss made even bigger promises to ensure she won the leadership contest. Now the pressure is on to deliver and the answer is to spend, spend, spend.
Beyond Meat COO Arrested for Biting Man's Nose After College Football Game
This article may be of interest to subscribers. Here is a section:
His arrest is the latest blow to the plant-based protein company, which last month slashed its revenue outlook for the year and said it would cut 4% of its workforce.
My view - The irony of a vegetarian food company executive taking bites out of unwary civilians put me in mind of Soylent Green. After all, the movie might have been released in 1973 but it is set in 2022. Here is a section from the Wikipedia description:
By 2022,[3] the cumulative effects of overpopulation, pollution and an apparent climate catastrophe have caused severe worldwide shortages of food, water and housing. In New York City alone, there are 40 million people, and only the city's elite can afford spacious apartments, clean water, and natural food. The homes of the elite are fortified, with private security and bodyguards for their tenants. Usually, they include concubines (who are referred to as "furniture" and serve the tenants as slaves). The poor live in squalor, haul water from communal spigots, and eat highly processed wafers: Soylent Red, Soylent Yellow, and the latest product, far more flavorful and nutritious, Soylent Green.
Email of the day on graphene
Excellent reflexions in this long term view.
Have you ever talked about investing in the Graphene potential?
I have a friend convinced that the cost of producing it will come down with some innovation. And it could substitute or complement copper supply.
My view - Thank you for this question which may be of interest to the Collective. I have been thinking a lot about the genesis of bull market themes. Good ideas often don’t come from nowhere. It takes a long time for product ideas to reach fruition.
For example, Mark Cuban’s first venture was Broadcast.com in 1998. Then Enron signed a deal with Blockbuster video to begin a video on demand service in 2001. Both ventures failed in epic fashion.
Netflix began by mail ordering in 1997 and only adopted streaming in 2007. That was nine years between the first attempt at streaming and the big success story everyone is familiar with. However, the model was only possible because of the growth of the internet and improving connection speeds and accessibility.
Today, every broadcaster has embraced some form of streaming which highlights that it is the interest is the enabler and no company has a defensible moat without killer content at an acceptable cost.
Speaking Engagements - World Money Show October 2022
I have agreed to speak at The World Money Show in Orlando on October 30th.
Eoin's personal portfolio: stock market index short opened August 11th 2022
One of the questions subscribers ask most often is how to find details of my open trades. To make it easier I will simply repost the latest summary daily until there is a change.
The Chart Seminar London November 21st and 22nd 2022
We are living through fast moving markets so I am gauging interest for The Chart Seminar on November 21st and 22nd this year in London.
In the meantime, if you have any questions, would like to attend, or have a suggestion for another venue please feel to reach out to Sarah at sarah@fullertreacymoney.com.
The full rate for The Chart Seminar is £1799 + VAT. (Please note US, Australian and Asian delegates, as non-EU residents are not liable for VAT). Annual subscribers are offered a discounted rate of £850. Anyone booking more than one place can also avail of the £850 rate for the second and subsequent delegates.