Capitalist Exploits
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Global macro blog with a focus on identifying and positioning for asymmetric risk reward investment opportunities.
Capitalist Exploits
1M ago
NEW PODCAST WITH CHRIS MACINTOSH Chris joined Tom Bodrovics on Palisades Gold Radio a few weeks ago to talk about the recalibrations and rotations of capital taking place in the world right now. A sexy topic, indeed. But considering the market events over the past couple of days, their conversation couldn’t be more timely. Here’s ..read more
Capitalist Exploits
2M ago
MAGNIFICENT 7: A GIANT SUCKING SOUND Hear that? It’s the sound of money being sucked into the Magnificent 7 (Nvidia, Microsoft, Apple, Alphabet/Google, Amazon, Tesla, and Meta/Facebook). So much so that the Magnificent 7 are now bigger (by market cap) than ALL the world’s energy, basic materials, utility, and transportation stocks combined. Take a look ..read more
Capitalist Exploits
3M ago
Long-time readers will be familiar with some of the contrarian indicators we discussed here over the years. Things like magazine covers and ETF listings (and also de-listings) that — more often than not — do a fantastic job capturing the market zeitgeist. Just as importantly, they also tend to be eerily accurate when it comes ..read more
Capitalist Exploits
3M ago
WOULD YOU RATHER — ROUND 2 We highlighted a somewhat absurd comparison last time between NVIDIA and a smattering of Germany’s finest blue chips. Keeping with that theme, here are a few stats that are bound to really impress folk at a cocktail party (or — depending on the company — ensure you don’t get ..read more
Capitalist Exploits
4M ago
Would you rather own NVIDIA? Or would you rather own… You probably need a break just from scrolling through this long list, but our point is this: Instead of NVIDIA (with a market cap of $2.2 trillion), you could own all these German blue chips (collectively valued at $1.84 trillion)… and still have $400 billion ..read more
Capitalist Exploits
4M ago
NEW PODCAST WITH CHRIS MACINTOSH Chris recently sat down with Ladislas Maurice from the Wandering Investor to discuss the rapidly-changing macro landscape and what that means for folks allocating their capital. Here’s just a smattering of the topics they covered: …and much more. You can listen to the entire conversation between Chris and Ladislas Maurice from the ..read more
Capitalist Exploits
5M ago
GOLD: QUIETLY ON THE MOVE Gold has decisively broken $2,000 in dollar terms and is now solidly above $2,300. That’s not the news, though. The news is that — despite this historic move — nobody cares. Admittedly, gold is not as sexy as some AI crypto token. Don’t get us wrong. We’re perfectly fine with ..read more
Capitalist Exploits
6M ago
The pushback against the “Net Zero” scheme is growing bigger and bigger. Leading the trend are our beer-drinking, bratwurst-eating friends — some of the best designers and manufacturers of cars ever. The Germans, specifically Audi, are now doing a massive U-turn on electric vehicles, dropping their earlier goal of producing only electric vehicles by 2026 ..read more
Capitalist Exploits
6M ago
Ruh-roh! More bad news in the US banking sector (in regional banks to be more specific)… Actually, “plummet” doesn’t even properly describe the tragedy that is New York Community Bancorp. After this last bout of bad news, the stock now trades at 1996 levels — even lower than during the 2007/2008 crisis. Put differently, if ..read more
Capitalist Exploits
7M ago
We seem to be a lone minority here at Capitalist Exploits when it comes to (stubborn) bullishness on energy. Here’s Barron’s: Energy stocks are out of favor. Fund managers had less exposure to energy stocks heading into 2024 than at any time since December 2020, according to the latest Bank of America Global Fund Managers Survey ..read more