AVOID CHASING RALLIES

“When you have leverage, you could have everything go down together because leverage is being destroyed. But if you didn't have leverage and you just had, let's say, like $100 single dollar bills, they're all floating around, they all go somewhere. And with leverage, you've got $200, $300 floating around and it changes things. But if you just have no leverage, it's really simply just figure out where the money is going.”

“The thing to watch for earnings season, it's not the earnings themselves, it's how the market reacts to the earnings. What we've seen, if you're looking at the markets, let's say a company comes out with really bad results, and the market goes up. That's actually a good sign. That means most of the bad results are already priced in and it was better than people expected. But if they come out with great earnings, the market sells off, that's a bad sign.”

“Nuclear shouldn't be a surprise to anybody, neither should geothermal. I mean, the earth is going to earth. If anybody knows anything about Iceland, Iceland consistently has one of the best energy production on the planet because they're basically sitting on a volcano. ... Clearly, if we are truly concerned about efficiency, maybe we need to rethink where we're focusing.”

“Right now, they're projecting that inflation will reach the Federal Reserve's 2% goal by mid-2028. Although, there's considerable upside risk to this. The projected inflation path, given the high uncertainty around the duration of the conflict. This is where we don't know, we don't know. Any conversation can change that. But right now, they're projecting that inflation to rise by approximately 3% by the end of 2026 before declining gradually towards 2% in 2027.”

“This is a time, I would not be chasing this, unless you're a day trader, I would just kind of take a pause and wait for things to settle down a little bit before you make your decisions. But in general, you want to be watching the markets and how it reacts to certain things. It reacts to earnings, how it reacts to Trump's message, how it reacts to whatever is going on. Because this is really how you can get a good understanding of the markets.”

“The thing to watch for earnings season, it's not the earnings themselves, it's how the market reacts to the earnings. What we've seen, if you're looking at the markets, let's say a company comes out with really bad results, and the market goes up. That's actually a good sign. That means most of the bad results are already priced in and it was better than people expected. But if they come out with great earnings, the market sells off, that's a bad sign.”

“Nuclear shouldn't be a surprise to anybody, neither should geothermal. I mean, the earth is going to earth. If anybody knows anything about Iceland, Iceland consistently has one of the best energy production on the planet because they're basically sitting on a volcano. ... Clearly, if we are truly concerned about efficiency, maybe we need to rethink where we're focusing.”

“The interesting part is, it takes about six weeks for the tankers to get to where they're going. This week or next is when the oil shock really actually hits. We're still going to have six weeks of this. For a lot of countries, and a lot of countries have actually struggled. And I think we talked about this last time, but there are a bunch of countries from the Philippines to India, to South Korea, and Egypt, to Malaysia. And they've all taken different tax as to how to handle the fuel crisis.”

“What we saw this week is that, a week ago when we were talking, the markets were still pricing fear. Today, they're pricing relief. What was interesting is that when we first went into this conflict, we saw the markets pull back, but you and I talked about this, they didn't really pull back that much. Overall, when you look at the general, the average of the way markets pull back, and you look at where the markets pull back in this, we didn't even hit, even though they were overstretched to the downside, we really didn't hit some of the averages.”

“When you have leverage, you could have everything go down together because leverage is being destroyed. But if you didn't have leverage and you just had, let's say, like $100 single dollar bills, they're all floating around, they all go somewhere. And with leverage, you've got $200, $300 floating around and it changes things. But if you just have no leverage, it's really simply just figure out where the money is going.”

“What we saw this week is that, a week ago when we were talking, the markets were still pricing fear. Today, they're pricing relief. What was interesting is that when we first went into this conflict, we saw the markets pull back, but you and I talked about this, they didn't really pull back that much. Overall, when you look at the general, the average of the way markets pull back, and you look at where the markets pull back in this, we didn't even hit, even though they were overstretched to the downside, we really didn't hit some of the averages.”

“This is a time, I would not be chasing this, unless you're a day trader, I would just kind of take a pause and wait for things to settle down a little bit before you make your decisions. But in general, you want to be watching the markets and how it reacts to certain things. It reacts to earnings, how it reacts to Trump's message, how it reacts to whatever is going on. Because this is really how you can get a good understanding of the markets.”

“The interesting part is, it takes about six weeks for the tankers to get to where they're going. This week or next is when the oil shock really actually hits. We're still going to have six weeks of this. For a lot of countries, and a lot of countries have actually struggled. And I think we talked about this last time, but there are a bunch of countries from the Philippines to India, to South Korea, and Egypt, to Malaysia. And they've all taken different tax as to how to handle the fuel crisis.”

“Right now, they're projecting that inflation will reach the Federal Reserve's 2% goal by mid-2028. Although, there's considerable upside risk to this. The projected inflation path, given the high uncertainty around the duration of the conflict. This is where we don't know, we don't know. Any conversation can change that. But right now, they're projecting that inflation to rise by approximately 3% by the end of 2026 before declining gradually towards 2% in 2027.”