Tuesday on INK Ultra Money: Shorting Saudi on strength
Here is what's new today on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content all the time.
1. The straw that broke the camel's peg - Real Vision
At Real Vision, they believe that from crisis comes opportunity. That is why they have have been laser-focused on oil and energy markets and why they have brought back Alexander Campbell, CIO and founder of Black Snow Capital. Campbell isn't just looking at commodities though. In this interview, he focuses on how the demand shock of COVID-19 coupled with a price war that is increasingly looking to be a three-party affair between the U.S., Saudi Arabia, and Russia could create a balance of payments issue for the Kingdom. He makes his case that the Saudis may be forced to reevaluate the long-standing peg between the Saudi Riyal and U.S. Dollar and lays out two different ways to play the setup.
Hedging a portfolio for another leg down
2. Coronavirus contrarians - INK Research
As big pharma races to find a solution or COVID-19, insiders are betting that this small Canadian industry innovator may be poised to benefit.The oil patch has turned out to be a hot spot for contrarians during the crisis. In its April 7th report, INK Research takes a look at a natural gas player that has been clobbered in the sell-off but where insiders are buying.
Long-term buying
3. The knock-on effects of Italy's COVID-19 lockdownn - Real Vision
Lenore Hawkins, chief macro strategist at Tematica Research, joins Real Vision's Ed Harrison to share her experience on the ground through Italy's coronavirus lockdown. She breaks down the macroeconomic consequences in short- and long-term of the world-wide shutdowns and explains how European governments might respond with tools they are already employing. Hawkins also discusses the challenges to European monetary policy, the potential for a Eurobond, and even a Brexit-style departure from the European Union for Italy.