Author Archives: Elliott KabynskiLink
“As the Tiger 40 stocks have tanked, the hedge funds that own them have gotten margin calls asking for more cash or collateral for their loans and redemption notices from investors wanting their money back. That in turn created more selling, which created even more selling, and so on. The same feedback loops that were operative on the way up are working in reverse on the way down.“
This blog post lays out a detailed summary of the conditions of some natural gas producers in the country and points to a looming decrease in production coupled with a surge in global demand, with the US becoming the world’s top exporter.
Another post includes nice charts and factoids that back up that sentiment.
“And IF the winter of 2022–2023 is colder than normal, similar to the 2017–2018 winter, the U.S. will come dangerously close to running out of Nat Gas at the end of next winter!”
Freestyle Financial has been heavily involved in the commodities trade and we expect to see natural gas price at $15.00/Bcf by the end of the year. Our strategy is based around long-dated KOLD puts and swing trades in shares of BOIL. The recent selloff is providing a great entry point into the peak natural gas usage season.
We just posted an updated market analysis on the Investing page. Long story short, more selling is likely. Our bottom target for SPY is ~355 and for BTC we see low 20s.
Amidst talk of barista unionizing, supply chain issues and increasing competition, Starbucks maintains its dominance in the coffee world.