Market Analysis
I've spent a career reading situations — races, rooms, records. Markets are no different. These are my current positions, the thinking behind them, and where I see them going.
Thesis
Market pricing in war-driven supply disruption, with Dec futures depressed vs. spot (~$95). Infrastructure damage from the Iran conflict is structural, not transitory — prices will not recover as cleanly as consensus expects. Asymmetric setup with meaningful upside.
Thesis
South Korea is acutely exposed to Strait of Hormuz disruption and faces jet fuel shortages. Memory chip production requires inputs dependent on a stable energy supply. Chart setup is compelling; price has not yet reflected the fundamental risk.
Thesis
Australia is heavily reliant on Middle Eastern oil with no significant strategic reserve. Energy storage infrastructure was not designed for sustained disruption. Structural vulnerability not yet priced in by the market.
Thesis
Uranium producer positioned for the long-term nuclear renaissance in the US. AI-driven data center growth will require massive baseload power — nuclear is the most viable answer. May face near-term volatility before the secular trend accelerates.
Thesis
Uranium enrichment play, complementary to CCJ. Same core thesis: long-term nuclear energy demand driven by data center build-out and the AI infrastructure boom. Buy and hold with conviction.
Thesis
Advanced small modular reactor developer. Positioned to supply next-generation nuclear power to AI data centers. Early-stage but strategically placed at the intersection of nuclear energy and AI infrastructure demand.