Keshav Lohiya @KeshavLohiya: "Hi all, We finally got the..."

United Kingdom

Hi all, We finally got the much expected and delayed headline about the US / Iran ceasefire. Historically, our portfolio would have sharply been down but our portfolio ended up green. We have been making small tweaks on reducing our oil and chemical exposure with big tech like $META (Meta Platforms Inc) and $UBER (Uber Technologies Inc.). With the headline now finally out, the market can focus on fundamentals. The ceasefire headline is the easy bit, now the hard bit is to see if shipping resumes to normal. Chemicals, fertilizers, LNG trade and supply chains have all taken a hit and can take months to normalise. Our $LYB (LyondellBasell Industries NV) position has come down sharply but we did sell a 1/3 of it when it was closer to $80. With our portfolio trading sideways / trending down the last 3 months, we look forward for the market to trade more on fundamentals and less on headlines.

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

META

Meta Platforms Inc

UBER

Uber Technologies Inc.

LYB

LyondellBasell Industries NV

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