Most of my portfolio is up nicely:
- Hedgeye turned bullish on China after stocks rose on stimulus news. They project Q4 has increasing yoy Chinese growth, but it may only last a quarter. I'm not buying due to long-term Taiwan risk. The majority of my portfolio is commeodities, which is another way of playing China anyway.
- Commodities have kept going up since Hedgeye pivoted to quad 3. I bought 2% silver and 2% platinum on dips. And 1% bitcoin, which has not had a real dip. Plus a 1% fomo buy in copper (FCX) at the highs. Look to buy a little more bitcoin before I'm finished. Now 110% invested.
- Hartalega jumped limit-up 30% in a day a few days after I bought it on news of increased US tariffs on China gloves. I had not realised just how fuk'n volatile this stock was, this is the second 30% day in this year. If I had, I may have sized it a bit smaller. I still think its undervalued as the glove market recovers over the next 3 years. Biggest risk is rising Ringgit.
- Oil still bearish Hedgeye trend. Which may help Harta above.
- My "Turnarounds and Lottery Tickets" - like Purecycle Tech (good production news), and the whole Singapore OSV/rig sector going up - have done well. Still plenty of room to run.
- Gold has been slowly floating up, unnoticed, week-by-week.
- Tin has moved up and down finishing off flat. Maybe because semis are still down.
- Uranium flat, no reaction to supply cuts from Kazatomprom. Spot is still below the incentive price of ~ $100.
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