Weekly Update 15
What can we still buy?
News on SOFI, CODA, AREN, and GKPRF, which ones can one still buy?
Not a time to go all-in:
The parties in the Middle East seem to be on an escalation path with little in the way of an off-ramp in sight.
The US Government has asked for a $200B supplement to pay for the war, and has thousands of marines shipping in from the far east, which doesn’t sound like they’re going to wrap up anytime soon.
It’s actually pretty difficult to clear the Strait of Hormuz; Iran has multiple options to frustrate these efforts.
The longer the Strait stays closed, the greater the damage as shut-down oil and gas fields can’t easily be restarted.
Now, this relatively pessimistic assessment can change on a dime; there might be stuff going on we’re not aware of, or developments on the ground could take a surprising turn, like the Iranian regime collapsing under its own weight (which doesn’t look likely at the moment, but who really knows?). But the longer that Straght of Hormuz stays closed, the bigger the economic fallout, see an earlier article for the really awful details. Onto the stocks:
