KonquerorKMTG @KonquerorKMTG: "Macroing out 21/02/24 Hello fellow followers...."

Italy

Macroing out 21/02/24 Hello fellow followers. Since the global setting is going more and more towards a total war (call it a total proxy war if you want) I feel discomfortable to continue essentially to say the same things every month ($OIL, Weapons like $LDO.MI (Leonardo SpA) or $RHM.DE (Rheinmetall AG) , Short Asia with $YINN and forex like $GBPJPY $CADJPY $NZDJPY , Short $10yUS.FUT , accumulating cash to buy the crash). The portfolio is up 8% steady in the last two months so this month to give different content I'll explore the future shapes of the portfolio and its possibilities around macro-topics. Disclaimer: The asset listed below are still NOT in my portfolio but are in my scope between short and long term acquisition and accumulation. On-Shoring: The multipolar world goes in the opposite direction of globalization due to geopolitical risk (the red sea crisis is just one example). The on-shoring process will involve all the first world, forcing the withdrawal of factories back in familiar territories. Mexico seems a good investment opportunity (even with simple instruments like $EWW ) as it could be the best compromise between on-shoring and keeping low costs for the american industry. Water: Back to Basics. Water is necessary for everything, from life to industry. Mostly cleaning dirty water to make it drinkable again. Besides the world-known Africa problem, today even China has already not enough sources of drinkable water, and in my foreseeing with the increasing energy demand of the next decades it will be a fundmental asset to own (someone is already calling it blue gold). A good european stock is the french $VIE.PA (Veolia Environnement S.A.) while $AWK (American Water Works Co Inc) is an american one. Metals: Metals will be a very good chunk of the portfolio one day. I already have 30-50% equivalent of my portfolio in physical gold and silver. But metals in the sense of production elements are vastly interesting. Mining companies can mine different materials, from alluminium to uranium and it's possible to choose a stock with mines where you want, the materials you like, and the market cap of choice. One of my favourite is $NEM (Newmont Mining Corp) but also investing in commodity is another option. Weirdly now we have rockbottom $PALLADIUM.FUT since it was the main element of catalytic cars.... but then why lithium has the same price profile if it's the main "ingredient" of the electric car batteries? My $LAC (Lithium Americas Corp) position is down 50% but I believe in it (not in EV narrative, in the usefulness and rarity of the material). And what about $COPPER.FUT ? $SCCO (Southern Copper Corp) is in my watchlist and I'm flirting with it since a long time. Niche: On the same wavelenght of metals, other materials (but not commodities in the strict sense) like Paper (with $SLVM (Sylvamo Corp.)), Glass ($OI (O-I Glass Inc) ), chemicals ( $LIN (Linde PLC) , $AI.PA (Air Liquide SA) ) . This is a vast bucket so I won't elongate about it but the point is to identify materials needed trasversally by society. Remember: the more energy is needed to make it the more the industry will be competitive and the research to make must be more to understand the better players in that field. Arctic: This is my weakest spot but all the powers of the world are preparing for the arctic melting to open new routes and consolidate access to resources. I still have to make research of involved equities but I wanted to leave you this sneak peek to close the post as I never mentioned this juicy opportunity. This was a different post from the usual, I hope it was refreshing.

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