APAC Roundup: Mostly About Oil Though
First off, can I just say that if you’re not already a paid subscriber or you’re not paying any attention to the APAC value chain, you are very much swimming against the current sir.
As I start meeting more investors in person, almost everyone is telling me this newsletter has a great two to five years ahead. Right place, right time.
Another example, this respected account on X:
Iran: War of Words
For those not glued to the news throughout the day, I thought I would fill you in on the Iran news today.
Below the paywall you’ll find the usual APAC news that caught my eye as well as a roundup of my conversations with investors today.
At around 3:15pm ET, Trump told CBS News the war is “very complete, pretty much”. This sent oil crashing and equities surging in the final part of the session.
Japan was up in the morning until around noon when Iran said the oil blockade of the Strait of Hormuz will continue until US and Israeli attacks stop. (Reuters)
Trump promptly threatened to hit back harder.
This caused Union Tool to dip under my reentry price this morning. Fun times.
Iran then said it would allow Arab or European countries that expel American or Israeli diplomats to pass through the Strait of Hormuz - an entertaining but not very serious proposal.
Judging by my portfolio, the markets are choosing to believe that the war will be over soon. Siemens Energy +6%, Lite +4.5%, SMSD +8.5% etc.
This despite the fact that Aramco is warning of catastrophic consequences if the Strait remains closed…
Perhaps the soundest advice received today was to hang on to / re-enter your strongest conviction investments and do nothing.
Nuclear Basket
Continues to win fans on X.
Nippon Gear is up 75% this week.
At this point I am starting to believe that, in this market, most of the ideas sent my way are winners. A dangerously seductive thought…
Okano Valve has a new fan too: